Anaklia, Georgia (PortSEurope) July 8, 2019 – Badri Japaridze, one of the founders of Anaklia Development Consortium, has said that the winner of the contract to construct the port of Anaklia will be announced in one week’s time.
In April this year, Anaklia Deep Sea Port, the Georgia Black Sea construction project, was again put in doubt after the announcement of Georgian government support for a rival project in the nearby port of Poti, and the almost immediate denial by the Economy Minister, claiming that the document for the construction of a deep sea port in Poti has been cancelled.
Japaridze said that construction of Anaklia port would not be suspended. “Stage one for deepening the water is completed and the next stages are still ahead. We needed $10 million which we borrowed, but we will need additional finances further,” Japaridze added.
Georgia has three Black sea ports, Anaklia, Batumi and Poti, all of which offer expansion plans, as they all seek a role in China’s new Silk Road, and aim to develop themselves as hubs on the future trade routes between Asia and Europe.
ADC, which won the state tender to construct the Anaklia Deep Sea Port and signed a deal with the government in 2016, has faced problems in attracting funds for the $2.5 billion (€2.23 billion) project. ADC consists of TBC Holding from Georgia, Conti International (USA), SSA Marine (USA), British Wondernet Express working in Central Asia, and G-Star Ltd. from Bulgaria (the company has Georgian owners and seems to operate as an offshore investment vehicle).
Anaklia Deep Sea Port is to be constructed in nine phases, the last one to be completed in a very distant 2069, when the port will have depth of 20.5 metres, 32 berths and a free trade and industrial zone of 600 hectares.
A detailed PortSEurope article on Georgian port development can be read here.
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