Anaklia Port Project Wins Prestigious Industry Award

WASHINGTON, DC – Anaklia Development Consortium (ADC) was honored by CG/LA Infrastructure with the Strategic Infrastructure Project of the Year award at the 9th annual Global Infrastructure Leadership Forum, held in Washington DC from 9-11 March.

ADC won the award for its Anaklia Port Project, which it developed after winning an open tender to build a $2.5 billion deep sea port near Georgia’s Black Sea coastal city Anaklia.

The project is expected to create as many as 3,400 jobs during the construction stage, and 6,400 jobs to operate the port once it is completed.

According to ADC, the Georgian government has committed $100 million to build a port for berth container ships with capacity of 10,000 TEU (twenty-foot equivalent units). The port will have the capacity to process 100 million tons of cargo and annually contribute 0.5% of the GDP by 2025.

ADC will develop 400 hectares of land over the next 49 years as part of the port’s overall development. It will also receive the right to develop a free industrial zone on 600 hectares of land, adjacent to the planned port.

ADC is a consortium of Georgia’s TBC Holding LLC and Conti International LLC from the United States.

CG/LA Infrastructure, is a nonpartisan global strategic advisory firm based in Washington, D.C.

By Ana Akhalaia

Edited by Nicholas Waller