Economy Minister: Negotiations with contractors yield USD 52 million saving on Anaklia Deep Sea Port

“The Anaklia Deep Sea port is of vital importance not only for Georgia, but for every partner country actively engaged along the Middle Corridor,” said Georgia’s Minister of Economy and Sustainable Development, Mariam Kvrivishvili.

The Minister confirmed that through an optimisation of the Anaklia Deep Sea Port project, savings of USD 52 million had been secured, and that active construction work on the port site would commence within the coming days.

“The construction of the Anaklia Deep Sea Port is of strategic importance to our country, particularly in the context of the Middle Corridor. We have conducted a thorough review of the existing master plan and engaged in intensive negotiations with contractor companies over the past several months. As a result, the total cost of the construction works has been reduced by USD 52 million. We have completed the preliminary mobilisation works, and within the next few days, active construction will begin on the Anaklia site itself,” said Mariam Kvrivishvili.

The Minister further noted that bringing the Anaklia Deep Sea Port into operation would enable Georgia to significantly increase the volume of freight moving both into and through the country.

“With the Anaklia Deep Sea Port operational, we will continue to be a significant partner within the Middle Corridor framework, enabling Georgia to handle ever greater cargo volumes and to facilitate the movement of freight flows towards Europe and beyond,” the Minister said.