Kerala's West Coast Waterway Project Boosts Tourism, Enhancing Value for Cochin International Airport Limited Unlisted Shares

The scenic backwaters of Kerala are poised for a significant transformation with the nearing completion of the first phase of the West Coast Waterway project. This ambitious infrastructure initiative, being implemented by Kerala Waterways Infrastructure Ltd (KWIL), a special purpose vehicle under Cochin International Airport Limited Unlisted Shares, promises to unlock new avenues for tourism and trade, potentially increasing the value of Cochin International Airport Limited Unlisted Shares.

The Kerala government is gearing up to launch a two-day luxury cruise along the 590 km West Coast Waterways, stretching from Kovalam to Chettuva, as reported by The New Indian Express. The first phase, a 235 km segment from Akkulam (Thiruvananthapuram) to Chettuva (Thrissur), is expected to be commissioned later this year. A custom-designed, air-conditioned electric cruise vessel with a 21-seater capacity is under construction to facilitate this tour.

According to an official from KWIL, tourism is expected to gain immensely from the waterway's development. Tourists will be treated to immersive light and sound shows within the Varkala tunnel, enhancing the overall travel experience. The cruise will make stops at five designated tourist destinations currently under development. The Kerala Shipping & Inland Navigation Corporation (KSINC) is manufacturing the vessel, with plans to extend the cruise service to Chettuva and beyond as the project progresses.

The West Coast Waterway project, initially launched in 2006, was revived in 2018 after a period of dormancy. The full 590 km waterway, connecting rivers and backwaters along Kerala’s coast, is scheduled for completion by 2028, aiming to revolutionize transport, tourism, and trade.

For investors in Cochin International Airport Limited Unlisted Shares, this development is particularly encouraging. The success of KWIL in implementing the National Waterways project directly translates to enhanced connectivity and increased economic activity in the region. This, in turn, positively impacts the airport's operations, potentially leading to higher passenger traffic and cargo throughput.

Moreover, the integration of tourism with infrastructure development creates a synergistic effect, attracting more visitors and boosting local businesses. The planned luxury cruise service, with its unique attractions and designated tourist stops, is expected to draw a significant number of tourists, both domestic and international.

Looking ahead, the completion of the entire 590 km waterway by 2028 is projected to further amplify these benefits. The improved transport infrastructure will facilitate smoother movement of goods, reduce logistics costs, and enhance trade efficiency. This holistic approach to development, focusing on both transport and tourism, reflects a strategic vision that aligns with the long-term growth objectives of Cochin International Airport Limited.

This multi-pronged approach is projected to not only bolster Kerala's economy but also to enhance the intrinsic value of Cochin International Airport Limited Unlisted Shares, making them an even more attractive investment opportunity.