V&A Waterfront to spend R179m on cruise terminal

02 July 2015

Transnet National Ports Authority (TNPA) has selected the V&A Waterfront as the preferred bidder for the development of a cruise terminal at the Port of Cape Town.

The V&A Waterfront will invest about R179-million to finance, design and develop the terminal, which would remain at E berth, Duncan Dock, in the Port of Cape Town.

It would operate and maintain the terminal for 20 years, after which it would transfer ownership back to TNPA.

Once completed, the facility would accommodate the port’s current and future passenger vessel fleet. It was also envisaged that the upgraded facility would house value-added retail and hospitality services.

The award of the contract followed an open and public process in line with Transnet’s governance and procurement processes. The V&A Waterfront met all the requirements stipulated in the request for proposals to develop a facility that complied with world-class standards. The award was also in line with Transnet’s commitment to encourage private sector participation as a key element of the Market Demand Strategy, while at the same time playing a significant role in enhancing tourism and job creation in the Western Cape.


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