Georgia Ports: What’s New?

21 Фев

Government of Georgia has decided to transfer its Agency for Development of Deep-Sea Port Anaklia from Ministry of Regional Development and Infrastructure to Ministry if Economy, as reported by the former ministry’s Press Office.

The Agency is to go on with the tender on construction of a deep-sea port, updating its researches and providing the new ones in order to attract investors and spread out the information on the project, coordinating issues with financial institutions and selecting candidates.

As per Minister of Economy and Sustainable Development Natia Turnava, the project remains of top importance for Government even after the termination of agreement in early January 2020 with Anaklia Development Consortium which had failed to attract investors and submit an acceptable plan of actions, according to Government.

Meanwhile the USA company Trammo intends to invest $20M in construction of a new terminal in Batumi Port in order to service the cargo flow from Central Asia to Europe.

This was announced during the meeting of the Georgian parliament’s speaker Archil Talakvadze with Trammo’s CEO Edward Weiner. Mr Talakvadze presented the investment ambience in Georgia, strategic cooperation with the USA, standards of property rights protection, and reforms implemented in the country, while Edward Weiner voiced the company’s decision to invest in Georgia thanks to its geographic situation, attractive business climate, and political stability.

According to the Forbes journal, Trammo is listed 58th among the largest US companies.

At the same time, another operating Georgian port Poti managed by APM terminals struggles to obtain the governmental permit for expansion and further construction of a deep-sea terminal posing the competition threat to the future port Anaklia.

The company’s address reads: “We are ready to widen and deepen the port in order to get a new modern logistic centre in the country enabling to service Panamax class vessels, which is going to contribute greatly into the country’s economical growth, and to enlarge the transit corridor’s throughput capacity.”

APM are ready to assign 250M USD in this project to start operate it in the second half of 2020.

https://ports.com.ua/news/gruziya-prodolzhit-realizatsiyu-proekta-glubokovodnogo-porta-anakliya

https://commersant.ge/ru/post/amerikanskaia-kompaniia-trammo-postroit-terminal-v-batumskom-portu

https://commersant.ge/ru/post/potiyskiy-port-jdet-razresheniia-na-rasshirenie-i-uglublenie