The funding comes as the college pushes for a merger with Limerick IT by 2021.
Athlone Insititue of Technology is spending €1.44m to create a further 76 places in the college in 2020 and 2021.
The funding is the second part of the Human Capital Initiative from the Department of Education and will be drawn down over a two year period.
President of AIT Ciarán Ó'Catháin is confident they'll also be awarded further funding in phase three of the scheme as they look to merge with Limerick IT by 2021.
He believe's the benefits of a Technological University in the midlands would be wide ranging:
Acting Media Minister Promises Enforcement Of Reforms At State Broadcaster
Trade Union Movement "Too Quiet For Far Too Long" - Forsa Rep
Man Dies In Workplace Accident
Fleadh Cheoil Needs More Recognition - Westmeath Councillor
Midlands Animal Rescue Charity Store Closed After Break-In
Laois Literary And Music Festival Kicking Off Today
Westmeath Councillor Questions Location For Possible Fleadh Cheoil Plaque
Niall Horan Fans Urged To Plan Ahead Of Dublin Gigs