A masterplan has been unveiled for a multi-million euro redevelopment of the former Irish Fertiliser Industries (IFI) site at Marino Point in Cork harbour, which will include a mix of industries and a new cruise ship berth.

A masterplan for a multi-million-euro redevelopment of the old IFI plant at Marino Point in Cobh is expected to be completed by February and lead to its redevelopment as an import/export hub for the Port of Cork.

The Port of Cork has confirmed it has got the backing of the Ireland Strategic Investment Fund (ISIF) for the multimillion-euro redevelopment of Tivoli docklands for new houses, offices and shopping centres.

A blueprint for the development of Tivoli docklands proposes building 4,000 housing units, shopping centres, offices, and a railway station.

Two landmark announcements yesterday could have significant industrial spin-offs for Cork Harbour.