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The four-day 45th annual festival, begins tomorrow and will feature a new-look Birdman, as part of Saturday's Day on the Bay.
Festival director Rae Baker said AJ Hackett Bungy had spent some months working on The Swing.
The Swing will sit 6m above the water, on a structure on top of the KJet wharf in Queenstown Bay, and be operated by two bungy jump masters controlling the height of the swing.
Ms Baker said various safety measures were in place to ensure each participant would have the ''cleanest, safest jump''.
Now in her second year in the role, Ms Baker believed that even after 45 years, the festival ''absolutely'' had a future.
''Festival is integral to our community.
''It gives us a reason, every year, to come together and celebrate our place in the world.
Last year's festival injected $4.4million into the district over four days.