21-10-22 Daily-Kerala-KPSC Current Affairs

With the attempts to find a suitable bidder interested in operatingKochiInternational Marina, which is in a dilapidated state for years, having reached nowhere,Kerala Tourism Development Corporation(KTDC) has finally decided to operate the marina on its own and give it a major revamp. TheKTDC, which owns the property, has set the ball rolling for fully reconstructing and overhauling the marina and is currently in the process of finalizing a cost estimate needed for the project, which is likely to be to the tune of crores of rupees.

Kochi International Marina is a KTDC venture located on the eastern coast of Bolgatty Island in the Bolgatty Palace Heritage Hotel. Launched in 2010 with berthing facilities for 40 yachts at a time with the aim of promoting the states yacht tourism potential, it was supposed to be a full-fledged marina of international standards. It is the only international marina in India that the yachting community considers as a gateway to Red Sea Passage. To a certain extent the project was successful with numerous yachts having docked at the marina over these years.