The V&A Waterfront has been named preferred bidder for the development of a cruise terminal at the Port of Cape Town, Transnet National Ports Authority said on Tuesday.
Once all negotiations are concluded, the V&A Waterfront will invest just under R179 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. It is also envisaged that the upgraded facility will house value-added retail and hospitality services.
The award follows an open and public process in line with Transnet’s governance and procurement processes.
The award is also in line with Transnet’s commitment to encourage private sector participation as a key element of the Market Demand Strategy.
TNPA CE, Richard Vallihu, said: “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 names preferred bidder for CT cruise terminal
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