• USD 57.29 +0.05
  • EUR 70.73 +0.28
  • BRENT 70.36 +2.06%

Georgia implementing “century’s project” – construction of Anaklia port

JSC Anaklia Development Consortium – Georgia has presented Anaklia deep sea port development masterplan in Tbilisi, with the construction activities to start by Autumn 2017 and continue until 2020.

According to the consortium, the masterplan of “century’s project” is designed for 50 years. “The first phase implies construction of infrastructures to receive containers, develop the port and the coastline. They plan to build a road, a railway spur and a residential compound for the port staff. To that end, the consortium plans to buy additional land and evict 63 families from the adjacent territory. $586 million investments are anticipated in the first phase of the port’s construction,” the masterplan says.

The consortium says the freight turnover will be doubled at the first stage of the port’s development, while after sale of all the three stages, up to 20 million tons of cargoes will be processed annually. Besides, the Georgian government says JSC Anaklia Development Consortium — Georgia is already negotiating with the largest port operators in U.S., SSA Marine, that is specializing in processing of dry cargoes and cruise passenger transfers. The company owns terminal in nine countries in the world and, by official data, it handles 27.2 million containers (TEU) annually.

In February 2016, the Georgian-U.S. Anaklia Development Consortium won the tender for construction of deep sea port in Anaklia announced by Georgia’s government. The total amount of investments will reach $2.5 billion. The consortium was founded by TBCHolding, Georgia, and Conti International LLC, U.S., a well-known developer company engaged in infrastructure and capital construction projects. The government called the establishment of deep sea port in Anaklia the “century’s project” for Georgia.

All news





Show more news
Press «Like», to read
EurAsia Daily in Facebook
Press «Follow», to read
EurAsia Daily in VK
Thank you, don't show this to me again