A €750 million regeneration project at a city centre industrial site was unveiled in Cork on Wednesday and at its heart is an 800 berth marina. If it all goes ahead the new marina at Marina Commercial Park (MCP) will match the capactiy of the country's biggest marina on Dublin Bay. The project promises up to 1,200 construction jobs.

The redevelopment of the 24-acre Marina Commercial Park  in the heart of Cork city's docklands is expected to create 5,000 jobs once completed.

City manager Joe Gavin said: "This 24-acre site is at the heart of Cork's docklands and the announcement is a crucial step in realising Cork City Council's vision for the whole docklands area."

"It's a fantastic story in these bleak times and of course it would greatly add to boating in the south. It's also an example to the rest of the country of the opportunities that lie in city waterways", said David O'Brien of the Irish Marine Federation.

The proposed development features:

* More than 800 apartments, providing homes for up to 2,230 people.

* A marina where they can park their boats.

* A range of community amenities.

* A visitor and science centre, the Ford Experience, which is expected to attract up to 300,000 visitors annually.

* A new central plaza to provide a hub for the community, including a creche and library.