(i) To complete in four years (2026-2031) the basic investments like breakwater construction, dredging and roads by the MIPS Ltd. / Government of Kerala as well as the land acquisition for the port, connectivity and the SEZs/parks - singly and with other developmental agencies.

(ii) Parallelly, to select private partner(s)/EPC contractor(s) of international standards for the commercial development of the port and related infrastructures under Public Private Partnership (PPP) mode or otherwise.

(iii) To achieve the financial closure of the Project.

(iv) To commence in 2026-27 and complete the construction of the breakwaters, port, NH extension and supporting facilities by 2031.

(v) To commission by 2031 the Phase 1 port facilities of the international port with the breakwaters and the related facilities as well as Special Economic Zones / industrial parks particularly focused on port-dependent industries and businesses.