A new Norwegian Cruise Line Holdings terminal could be coming to PortMiami by 2020.
Miami-Dade County commissioners approved a resolution Tuesday that would create a memorandum of understanding to build a new cruise Terminal B and update the county-owned port’s agreement with NCL for Terminal J, where it currently has preferential berthing rights for its smaller cruise lines, Oceania Cruises and Regent Seven Seas Cruises.
For Terminal J, the new agreement would increase the port’s previous requirement of 30 NCL ships per fiscal year to 45. The new agreement is expected to generate $1.6 million in gross revenues during fiscal year 2018 and increase by 3 percent for each subsequent year of the agreement.
Norwegian would be required to pay dockage and wharfage fees according to rates for small vessels through September 2017 and then pay full county tariff rates from Oct. 1 to Sept. 30, 2019. In return, the county will pay NCL via the port’s revenue bonds about $181,000 in parking revenue and $208,000 in marketing incentives in fiscal year 2018, a provision similar to the port’s agreements with other cruise lines.
According to the proposed memorandum of understanding, the existing terminals B and C will be combined and a new Terminal B constructed to the east. Together, the two terminals will have space for two 5,000-passenger ships at once.
According to the proposed memorandum of understanding, the existing terminals B and C will be combined and a new Terminal B constructed to the east. Together, the two terminals will have space for two 5,000-passenger ships at once. Cost for construction, which is expected to be completed by January 2020, is estimated to be about $100 million.
Norwegian will also have to commit to berthing at least 52 ships of 3,000 passengers or more at the new Terminal B per fiscal year. With potential extensions, the agreement could be in place through September 2031.
The final agreement for terminal improvements, and a full financial analysis, will come before commissioners this summer.
PortMiami broke a cruise passenger world record in 2016 by welcoming 5.1 million travelers. It is already in the process of another expansion since breaking ground in March on a $247 million terminal for Royal Caribbean Cruises, Terminal A. That terminal is slated for completed by October 2018.