Published Monday, 30 June 2014
The crash happened seven years ago. (© UTV)
In one of the biggest cases of its kind, the damages award was agreed at the High Court in Belfast on Monday.
The 25-year-old, who cannot be named for legal reasons, was the passenger in a car which went into a field near his home in 2007.
He sustained brain injuries and multiple broken bones in the accident.
Despite making a partial recovery, the former trainee lead fitter is never expected to work again.
The driver of the car was later jailed for causing grievous bodily injury through dangerous driving.
Lawyers for the disabled man sued him and his insurers over the injuries he suffered.
No admission of liability was made until the settlement was reached in court.
As part of the resolution an award of £1.44m is to be made for general damages, loss of earnings and the cost of care for the man to date.
A periodical payment order dealing with his future treatment requirements was also approved by the judge, Mr Justice Gillen.
Although the exact terms remain undisclosed, sources close to the case described the sums involved as "substantial".
Depending on what age the plaintiff lives to, it is believed the final settlement will be between £4m-6m. He was in court with his parents to hear the case reach conclusion.
His solicitor, Richard Barbour, said afterwards: "I'm delighted that the case was settled in such favourable terms, in the main part due to the hard work of counsel and the forensic accountant.
"The family are very relieved and grateful that the matter has been brought to a successful conclusion and that the care for their son is now assured long-term."
© UTV News