It is also India's first bus terminal to be developed on a build-operate- transfer (BOT) basis.

[1] The project is a joint venture of the Kannur Municipal Corporation and the KK Group, being implemented on Build-Operate-Transfer (BOT) concept.

Most of the floors inside the terminal are marked for commercial purposes, which include central lobby, passengers waiting area and parking facilities.

Thavakkara Bus Terminal, serves as the main boarding & alighting point in Kannur for all the passengers travelling outside city and state.

There are many long-distance bus services which operates with in Kerala state and to various district headquarters.