New port, terminal coming to Poti, bringing $50mln to Georgia’s Black Sea town

A new port and terminal will be built in Georgia’s Black Sea port town of Poti, announces Georgian Prime Minister Mamuka Bakhtadze.

The US Overseas Private Investment Corporation (OPIC) will invest $50 million in a new port and terminal, while the project will be implemented by the PEI Group.

Bakhtadze said that the project will play an important role in the government’s mission of turning Georgia into a regional centre.

He added that the participation of the American Government Finance Institute in this project and the funding of $50 million from OPIC once again confirms that Georgia is a reliable and important partner for the US.

Source: http://www.agenda.ge/en/news/2019/335