The Irish Times reports that more than half a mllion people are expected to visit the city from 30 June to 3 July to see the majestic vessels - and they are set to be entertained by a variety of street events and live performances.
Sharon Shannon, The Waterboys and magician Keith Barry are among those lined up for the weekend's festivities.
Fáilte Ireland chair Redmond O’Donoghue compared the Tall Ships visit to the Volvo Ocean Race visits to Galway, and said it would be “a talking point for many years to come”.
A new multi-million euro jetty for Waterford Harbour designed to accommodate the ships will be ready in time for the race arrival.
The Irish Times has more on the story HERE.
Looking for further reading on Tall Ships in Ireland? Click the links below:
Click this link to read all our Tall Ships Stories on one handy page
Previewing Ireland's Tall Ships 2011 Season
Can Ireland Get a New Tall Ship?