The V&A Waterfront's multimillion-rand investment in the development of a dedicated cruise liner terminal is a major boost for the Western Cape's tourism sector, says economic opportunities MEC Alan Winde. Transnet National Ports Authority announced yesterday that it had awarded the V&A the status of preferred bidder for the development of a cruise liner terminal at the Port of Cape Town.Once all negotiations are concluded, the V&A will invest almost R179-million to finance, design and develop the terminal.The agreement includes operation, maintenance and transfer of ownership of the facility back to the ports authority after 20 years. The facility will remain at E berth, Duncan Dock.Winde said yesterday the development had the potential to extend the footprint of the V&A Waterfront into the port, linking the two."The V&A Waterfront is already a tourism landmark and can serve as the gateway to the rest of the region. Cruise liner tourism presents a significant opportunity for economic growth and job creation," the MEC said.Annually, the industry brings more than 10000 visitors to the province and international cruise tourists spend about R1000 a day while docked.The niche industry generates more than R200-million for the local economy each year.Winde said the agreement was another excellent example of private-sector-led development.Transnet National Ports Authority chief executive Richard Vallihu said the cruise terminal would be a gateway to "a unique African experience in cruise tourism".V&A Waterfront chief executiveDavid Green said cruise liner holidays were one of the fastest-growing areas of tourism."Our area of responsibility is that of contributing positively to Cape Town, the Western Cape and SA. This award is an opportunity to positively contribute to the economy, job creation and provide a positive experience for all visitors," he said."The cruise terminal gives us the opportunity to extend a warm welcome to our fair city, and is important due to the first impression it will create of Cape Town."© BDlive..