It's official: Galveston is moving forward on third cruise terminal

Carnival's Magic and the Royal Caribbean's Liberty of the Seas in Galveston.

>>>PHOTOS: See the 15 biggest cruise ships in the world... Carnival's Magic and the Royal Caribbean's Liberty of the Seas in Galveston.

>>>PHOTOS: See the 15 biggest cruise ships in the world... Photo: Thomas B. Shea, Freelance Photo: Thomas B. Shea, Freelance Image 1 of / 24 Caption Close It's official: Galveston is moving forward on third cruise terminal 1 / 24 Back to Gallery

The Port of Galveston is moving ahead on its plans to develop a third cruise terminal.

The port and Royal Caribbean Cruises on Wednesday will sign a memorandum of understanding to outline the development and operation of the new terminal.

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This will allow negotiations to move forward, but a final agreement must ultimately be approved by the Board of Trustees of the Galveston Wharves. The final agreement is expected to be presented to the trustees at the January 2019 regular monthly meeting, according to a media alert from the port.

Galveston is the country's fourth-busiest cruise terminal. In September, the port welcomed the Carnival Vista, the namesake vessel in Carnival's largest class of ships.

Port Director and CEO Rodger Rees had previously discussed a third cruise terminal, but he was unable to go into specifics. Some details should be provided when signing the memorandum of understanding on Wednesday.