PM vows to launch Anaklia Port construction shortly

14:38, 28.06.2024

“The development of Anaklia Deep Sea Port is momentous, and its construction will begin shortly,” said Georgian Prime Minister Irakli Kobakhidze, delivering an annual report in the parliament.

“A contract will be signed shortly with the Chinese-Singaporean Consortium, which submitted the final bid. Based on the contract, the state will hold 51% of the shares, while the private partner will own 49%.

A tender will be conducted according to the rules of the World Bank, and construction works will commence after.

The investment volume of the first phase is USD 600 million. After the completion of the first phase, the port will handle 600,000 containers, which means approximately 7.8 million tons of cargo,” he said.

By - Elene Dobordjginidze

Politics

Anaklia Deep Sea Port

Irakli Kobakhidze