Marg Limited (formerly Marg Constructions Ltd), one of India’s fastest growing diversified infrastructure development company would setup a fishing harbour based on a public-private partnership model, at Rajakkamangalam Thurai in Kanyakumari district, Tamil Nadu.

The advanced facilities offered in the harbour include water front facilities for safe landing, berthing to various category of fishing craft, boat building and repair yards, ice plant & cold storage facilities for processing and preservation of fish, etc.

The funding for the project would be done through a special purpose vehicle namely Rajakkamangalam Thurai Fishing Harbour Pvt. Ltd.

As per the agreement the fishermen shall have to give 10% of their catch to the Special Purpose Company for availing the services of the harbour which in turn shall sell to exporters or any other person.

The profit generated out of the fish catch would be shared between the Rajakkamangalam Thurai Fishing Harbour Trust and Marg Limited in 51:49 ratio.

The company plans to invest Rs 45 crore in the project which is expected to be developed in 40 acres of land.

The project will generate direct employment for nearly 8000 people once the fishing harbour is fully developed by October 2010.