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APM Terminals Poti And Poti New Terminals Corporation Sign Agreement For Joint Development Of A New Bulk Cargo Facility

APM Terminals Poti and Poti New Terminals Corporation sign agreement for joint development of a new bulk cargo facility

Source: Anaklia Development Corporation
Poti, Georgia (PortSEurope) October 26, 2020 – APM Terminals Poti (APMT) and Poti New Terminals Corporation (PNTC) have signed an agreement for the joint development of a new bulk cargo facility on the northern side of the Poti Sea Port. APMT will construct a new breakwater, 400m of quay wall and dredging up to 13.5 meters vessel draft, and PNTC will invest in constructing a
new dry and bulk cargo facility including extensive yard area and rail connection in Poti. The agreement is dependent on certain conditions such as the obtaining necessary construction permits.  Keld Mosgaard Christensen, Managing Director of APM Terminals Poti, said, “It is an important milestone towards reaching our ambition to develop the best-in-class logistics solution in Poti Sea Port which entails a modern dry bulk cargo facility capable to accommodate Panamax vessels and handle various cargo types on 25 hectares of the customized area. This infrastructure will make the supply chain more efficient and effective for local and regional cargo owners”. The new facility will be built during the first phase of the project and will generate additional capacity of approximately 10 million tons for bulk cargo, providing deep-water draft, enabling faster vessel turnaround, reliable and efficient services while giving rise to economies of scale. “With an unprecedentedly substantial investment over the coming years during Phase 1 and Phase 2 in developing a new deep-water port in Poti, APM Terminals is clearly demonstrating our confidence in the sustainable future of the Georgian logistics corridor, and the continuous growth of national and regional economies that will stimulate businesses,” added Keld Mosgaard Christensen.  “This will, in turn, benefit the local community by sparking significant economic development, catalysing new commercial activities and enabling hundreds of direct and indirect employment opportunities. The significance and positive impact of this strategic project gives us confidence for the success of this initiative, achieved by effective cooperation and coordination among multiple stakeholders, especially the Government of Georgia, whose vital support to this process is highly appreciated.”  The agreement was signed on October 15, 2020 in Poti. This is another stage in the continuing development of the southern Georgian port on the country’s Black Sea coast, and comes at a time when the development of Anaklia deep sea port is stalled due to conflicts between the government and the contractors. A detailed article by PortSEurope can be accessed here, which considers the possible interests of China, Russia and the USA. The Poti Sea Port is the largest port in Georgia, handling liquids, dry bulk, passenger ferries and 85% of Georgia’s container traffic. The multi-purpose facility has 15 berths, a total quay length of 2,900 meters, more than 20 quay cranes and 17 km of rail track. The port serves as a European gateway for international trade in Georgia, Armenia and Azerbaijan, and is ideally located to become a hub for Central Asia trade. It offers direct ferry traffic with the Black Sea ports of Ukraine, Russia and Bulgaria and is connected to the nation’s railway network, with connection to all key cities in Georgia. Parent company APM Terminals operates global port and integrated inland service networks. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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