Published Sunday, 03 November 2013
The equipment was discovered by Gardaí in Monaghan Town on Saturday as part of an ongoing investigation into dissident republican activity.
Two men, aged 50 and 25, are still being questioned under the provisions of section 30 Offences Against the State Act 1939, as amended. They can be questioned for 72 hours.
Police in the Republic of Ireland believe the parts discovered inside the vehicle, which was stopped and searched, could have been turned into a massive bomb.
A statement said: "During the course of searching this van, components for bomb making, (subject to forensic analysis), were discovered by the Gardaí.
"These items and the van were seized for technical examination."
Speaking from the scene, UTV reporter Sara Moore said: "I have been speaking to the Chief Inspector leading this investigation.
"He told me the men are not from the local area and are not from Northern Ireland.
"He also said they are looking into the intended target for this bomb and that it was most likely Northern Ireland."
The pair were stopped in the Mall Road area of the border town in the early hours of Saturday.
Gardaí found a large quantity of fertiliser inside the van they were travelling in as well as bomb-making components - all of which have been removed for testing.
The men were then arrested and taken away.
SDLP representative Dominic Bradley has "no doubt" the bomb was on its way across the border into Northern Ireland, possibly even to Newry.
The Newry and Armagh MLA said: "My reaction is one of relief after the amount of material that was found here - 200kg of fertiliser and components for a massive bomb - no doubt which would have ended up in a town close to the border, possibly Newry here.
"Those who had this bomb mix had it for a purpose and the obvious purpose was to make either a massive bomb or several other significant bombs and there is no doubt if they had achieved their purpose bombs would have ended up in towns here in Northern Ireland."
© UTV News