Trammo Inc to Invest $20 M., Construct New Terminal in Batumi Port

Archil Talakvadze, Chairman of the Parliament of Georgia, has met with the Executive Director and the members of the Governing Board of the American Corporation Trammo in New York.

As Talakvadze reported after the meeting, Trammo will invest $ 20 million in Georgia and build a new terminal in the Batumi port, which will connect the Asian and European markets.

At the meeting, the Speaker talked about the investment environment, strategic cooperation with the US, standards of protection of property rights and reforms implemented in Georgia.

"This means creation of new jobs and more economy for our country. Georgia welcomes US and foreign investments," he said.

"Trammo CEO Edward Weiner said the decision was made because of Georgia's geostrategic position, business-friendly environment and stable country governance.

"According to Forbes, Trammo ranks 58th in the list of largest US companies," reads the information spread by the Parliament of Georgia. 

By Ana Dumbadze