Published Tuesday, 08 October 2013
The proposed scheme, for Glenmona on the Glen Road, includes 450 houses, an education campus, a hotel, business units and more.
The application was made by the Trustees of the Diocese of Down and Conor.
SDLP minister Mr Durkan said: "This scheme will be a tremendous economic and social boost for west Belfast. It will regenerate this part of the city. This 34 hectare site is currently largely unused which is unheard of for a site of this size in Belfast."
The development - west of the Monagh bypass, south of Springfield Road and north of Glen Road - will be built on land owned by the Catholic Church.
It also includes the replacement of the existing care facilities, a range of retail and community and cultural uses within a single shopping area, and a variety of open space and recreation areas including playing fields on the 34 hectare site in the west of the city.
Mr Durkan continued: "This will provide much needed housing for the area, both private and social. It will pump many and much needed new jobs into west Belfast.
"It will breathe life in to this area during the day and in to the evening.
"This extensive range of facilities can be enjoyed by prospective residents as well as encouraging people in to the area."
A statement from the Trustees welcomed the announcement.
It continued: "This application for Outline Planning Approval was rooted in widespread consultation over a number of years with key community and political groups.
"We wish to thank Turley Associates and the other appointed consultants. We hope that this approval will contribute to spearheading the regeneration of Belfast and offer a catalyst for the wider economy at these difficult times."
Sinn Féin MP for West Belfast Paul Maskey said: "This will help create many jobs in the construction stage but more importantly sustaining jobs after completion."
© UTV News