Ian Paisley said he believed Northern Ireland was on the road to lasting peace.
Deputy First Minister Martin McGuinness said the assembly had the overwhelming support of all the people of Ireland.
Martin McGuinness, Northern Ireland's new deputy first minister, welcomes Sinn Fein President Gerry Adams to Stormont.
Prime Minister Tony Blair and Taoiseach Bertie Ahern travelled to Northern Ireland to witness the reinstatement of the assembly.
Peter Hain said he believed the DUP and Sinn Fein would make the assembly a success.
Assembly Speaker William Hay presides over the new Northern Ireland Assembly.
Prime Minister Tony Blair paid tribute to both the DUP's Ian Paisley and Sinn Fein's Martin McGuinness for the role they played in restoring devolution.
Entertainment was provided by performers from the Sky Is The Limit .
Senator Ted Kennedy said a brighter day had dawned for the people of Northern Ireland.
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