Gov’t to Discuss Future of Anaklia Deep Sea Port

The Georgian government will discuss the issue of an investment agreement with the Anaklia Development Consortium at the next sitting, as the consortium was unable to obtain the needed $400 million in loans from international financial institutions and $120 million from potential investors by the official expiration of the term limits at the end of 2019.

The Ministry of Regional Development and Infrastructure said that the Consortium failed to meet the taken commitments about the allocation of credits from international banks and contracts with potential investors and construction companies, adding that the government will discuss ways to continue the construction of strategically important Anaklia Deepwater Port.

The deadline set by the government to Anaklia Development Consortium expired on December 31 of 2019.

By Ana Dumbadze 

Photo Courtesy: Ana Dumbadze