MSC Cruises and the Port of Galveston are in negotiations over constructing a $110m cruise terminal in a warehouse occupied by Del Monte Fresh Produce.

The two-storey terminal with two gangways is expected to cost $70m to build, while the remaining $40m would go towards an adjacent 1,500-space car park, spokeswoman Kathy Thomas said.

Both sides have yet to agree on how to pay for the project, which is set to begin when Del Monte’s lease for the warehouse ends in 2024.