(5:35 p.m. EST) -- A major renovation of Disney Cruise Line's Terminal 8 at Port Canaveral -- most commonly associated with Orlando -- may soon be underway, as revealed today during the Canaveral Port Authority Board of Commissioners meeting.

The board has given the OK to enter contract negotiations with firms to work on the terminal, as well as Terminal 10, which will be used when multiple ships are in port. In a video of the meeting, at approximately 1:13, board members discuss the new terminal plans while indicating: "Disney Cruise Line conceptually agrees with the program and proposed budget."

The budget to invest in both terminals has been set to $46.5 million. Renovations are slated to be completed by the second quarter or 2021, in time for the launch of Disney's next new ship. The board revealed in fall 2018 that at least two of the line's new ships would be based in Port Canaveral.

Among the proposed updates, for Terminal 8, are a new baggage-screening building, an expanded arrivals hall, a new jetway-style boarding bridge, an expanded concierge area, and expanded second-floor seating. Terminal 10 is expected to boast a new entrance bridge, concierge area, and expanded seating.

Few details about Disney Cruise Line's new ships have been released, including their names; however, preliminary specs recently released by the Canaveral Port Authority label the next new ship "Disney Triton."

Disney Cruise Line's terminal renovation proposal comes nearly one year after work began on a new, state-of-the-art terminal in Port Canaveral, which the port later revealed would house Carnival Cruise Line's new ship.