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The probe team, which will be directed to conduct the investigation in a transparent manner, will be announced on Monday, he told reporters after a spot inspection at the jetty on Thursday evening.
Angara, who is also the Udupi district-in-charge Minister, said the contractor who was awarded the work will be blacklisted and all those found guilty will be punished.
The minister said the government had spent Rs 10 crore for the construction of the jetty.
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The fishermen in Gangolli are facing hardship in a busy season as they are now forced to anchor their boats in harbours at Bhatkal or Malpe, Kunder said.