Anaklia Port construction enters a new phase

Anaklia Port construction enters a new phase

Executive Vice President of the Overseas Private Investment Corporation (OPIC), David Bohigian, and representatives of OPIC met with the top-management of Georgian-American consortium, ADC, to discuss investing into construction of the Anaklia Deep Sea Port. Deputy Minister of Economy and Sustainable Development of Georgia, Giorgi Cherkezishvili, and other representatives of the Ministry also attended the meeting.

“I had an opportunity to talk to the developers of the port of Anaklia planning to develop the Black Sea as a global and regional hub. They have very impressive plans to be able to provide a port that will create hundreds of jobs throughout the region, as well as make Georgia an even more important transit hub for logistics and manufactured goods, here and throughout the Eurasian continent,” said Executive Vice President of the Overseas Private Investment Corporation, David Bohigian.

The US Government agency, OPIC, began cooperating with Anaklia Development Consortium to fund the Anaklia Port a few months ago. Anaklia is seeking $100 million and has applied to OPIC for financing.

Five leading international financial institutions are also involved in the process of financing the Anaklia Deep Sea Port. The representatives of international banks visited the port area in July 2018 and held workshops with the representatives of Anaklia Development Consortium.

OPIC is a self-sustaining US Government agency that helps American businesses invest in emerging markets. OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide.

Anaklia Deep Sea Port consrutuction has already moved into the maritime construction works stage. Modern heavy equipment is being mobilized in the area to kick off the large-scale maritime construction operation.