Once all negotiations are concluded, the V&A Waterfront will invest just under ZAR 179 million (USD 14.7 million) to finance, design, and develop the terminal.
In addition, the agreement includes operation, maintenance and transfer of ownership of the facility back to TNPA after a period of 20 years.
The facility will remain at E berth, Duncan Dock, in the Port of Cape Town. Once completed, it will be able to accommodate the port’s current and future passenger vessel fleet.
”As landlord and ports master planner, Section 56 of the National Ports Act mandates TNPA to contract with private terminal operators to design, construct, rehabilitate, develop, finance, maintain and operate port terminals or facilities,” TNPA Chief Executive, Richard Vallihu, said.
Vallihu also said that the Cape Town Cruise Terminal is one of the section 56 initiatives that Transnet has identified for the Western Cape. All international cruise liner vessels are required to dock at the Port of Cape Town as the first port of call in line with a Directive from South Africa’s Minister of Home Affairs under the Immigration Act 13 of 2011.
”We recognise that cruise liner tourism is one of the fastest growing areas of tourism. Our area of responsibility is that of contributing positively to Cape Town, the Western Cape and South Africa. This award is an opportunity to positively contribute to the economy, job creation and providing a positive experience for all visitors,” V&A Waterfront CEO, David Green, said.