The New York City Economic Development Corporation (NYEDC) is planning to invest more than $115m to reopen the South Brooklyn Marine Terminal at the 30th Street pier.

The Brooklyn marine terminal, which is expected to open next year, will handle ro-ro and break bulk cargo.

The investment includes terminal infrastructure improvements, site preparation and dredging.

An additional $13m is invested to extend rail infrastructure to the terminal and connect it with the Southern Gateway.

The industrial park at the reopened 88-acre South Brooklyn Marine Terminal will include a facility for processing of automobiles for both import and export, according to joc.com.