Thiruvananthapuram: Chief minister V D Satheesan said the cabinet has decided to speed up implementation of the international maritime museum and oceanarium project.Satheesan told reporters on Wednesday that the cabinet has approved the draft Memorandum of Association and Articles of Association for the special purpose vehicle (SPV) set up for the project. He said the entity will initially be formed as a company under Section 8 of Companies Act. “Its financial model will be worked out in Phase II. The project aims to establish one of India’s most advanced oceanariums, expected to give a major boost to the state’s tourism sector, along with an international-standard maritime museum showcasing Keralam’s rich seafaring history,” the chief minister said.The museum will showcase the ancient port of Muziris, Kollam port and boatbuilding of Beypore.The project is part of Mission Samudara initiative announced by the UDF govt soon after coming to power.
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