WATERFORD is today officially launching its bid to get a multi-million euro festival back to the city in five years' time.

WATERFORD has been asked to submit a bid for the Tall Ships’ Races in 2011, a move which is being interpreted locally as a major indication the multi-million euro event could well be back to the south-east in five years.

Festival puts wind in Waterford’s sails, writes South-East Correspondent Neans McSweeney.