Georgian government contracted building of deepwater Port of Anaklia

Port of AnakliaGeorgian government contracted building of deepwater Port of Anaklia with the Georgian-American Anaklia Development Consortium at total worth of 2.5 billion USD. Port in Anaklia will be built in 9 phases and expected to start operations in 2020. In the first phase of the construction will be invested more than 590 million USD during the next 3 years and will establish the port with throughput capacity of 7 million tons. The port infrastructure will be placed on an area of ​​approximately 400 hectares, the terminals will have 32 berths with a total length of 12,300 m and depth of 20.50 m, able to serve Post-Panamax vessels with capacity from 50,000 DWT to 150,000 DWT. Upon completion of the first phase and the opening, the port will have two entry container terminals that will be able to handle containers from 700,000 to 800,000 TEUs.

During the signing ceremony attended the Prime Minister of Georgia, Giorgi Kvirikashvili, who called the construction of the port – “project of the century” and “sea gate” of the country.

“Its strategic location, capacity, expansion and development prospects will create a real basis for Georgia to fulfill its historic mission in the New Silk Road corridor”, said the Prime Minister of Georgia, Giorgi Kvirikashvili. “Port of Anaklia will become the new main sea gate of Georgia and one of the most important logistics centers in the region”, added he.

During the signing of the contract for construction of the Georgian largest deepwater port, the local government agreed to invest 100 million USD in the construction and development of railway and transportation links connecting the port to the region.

Port of Anaklia sits on the shortest route from China to Europe, which is major focal point of Chinese investments in infrastructure. The port will attract high-value cargo seeking the fastest travel between Chinese and European Markets. The concession with Georgian-American Anaklia Development Consortium is for 52 years and maximum capacity of the port is projected to reach 100 million tons.