TNPA stated V&A Waterfront had been awarded the status of preferred bidder for R 179 million investment (USD 14,5 million) in agreement including maintenance, operation and transfer of ownership after 20 years, back to TNPA.
In 2012 a multi-billion-rand plan was announced to build a dedicated cruise terminal in Cape Town. A number of red flags snagged the tender placement process and indirectly stunted the growth of cruise industry to date.
The initial terminal issue started when cruise tourism in Cape Town received a knock after cruise liners longer than 200m were banned from berthing at the Waterfront by the Department of Home Affairs.
The investment of V&A Waterfront will open up access to one of the world's most scenic ports. According to TNPA, once completed, the new cruise terminal will be able to accommodate the current and future passenger fleet of the port. The upgraded facility is also envisaged to house value-added hospitality and retail services.
All international cruise liners are required to dock at Port of Cape Town as their first port of call in line with the Directive from Minister of Home Affairs under Immigration Act 13 of 2011. The cruise season in South Africa runs from October to April. Activity in the past 10 years has increased, and passenger volumes have doubled South Africa accounts for 0.6% of overall passenger activity.
The city of Cape Town is expected to benefit from the upgraded cruise terminal facility that will create jobs, attract greater cruise liner calls and strengthen tourism offering of South Africa as a whole.