The project will entail an investment of Rs 72.1 crore. The Cochin Port Authority (CPA), which has been entrusted with the task of overseeing the construction, issued the work order to RCC-ACC.
CPA has also directed the firm to pay three percent of the project cost, Rs 2.2 crore, as a performance security for the project. RCC-ACC will execute the engineering, procurement, and construction (EPC) contract.
The techno economic feasibility report was prepared by Feedback Infra, while Team One India prepared the architectural-cum-engineering design for the terminal and allied facilities.
Mormugao Port Authority (MPA) has issued the work order to Cochin Port Trust and the work is expected to commence shortly.
MPT has an ambitious plan to develop a domestic and international cruise terminal, which will include Ro-Ro and Ro-Pax services, which will enable cruise passengers to directly travel by smaller ferries and boats to North Goa after disembarking. The plan also includes a commercial hub, which will come up within the terminal building.