New Delhi, June 27 -- As part of showcasing Kerala's famed snake-boat race in the backwaters in six districts across the state, the Kerala government has decided to form a Special Purpose Vehicle (SPV) to conduct the IPL-model Champions' Boat League (CBL) as an annual event in August-November, state Tourism Minister Kadakampally Surendran said on Wednesday.

Surendran, along with various stake-holders, met Finance Minister Thomas Isaac to finalise the setting up of the SPV.

The inaugural edition of the Champions' Boat League (CBL) will get under way with the Nehru Trophy Boat Race on August 10 at Punnamada Lake in Alappuzha.

The competitions in the CBL will start a week later at Pulinkunnu (August 17). In subsequent Saturdays, races will ...