The Minister of Infrastructure Maia Tskitishvili said that the State cannot continue cooperating with the Anaklia Development Consortium if they are unable to fulfill its obligations to secure funding for the project in a timely manner.

“The Government has still not been informed of additional investors interested in the Anaklia Development.

The deadline for the Consortium to come up with the needed capital for the project and finalise agreements with potential investors and financial institutions expires on December 16 and by the end of the year a financial closure should be achieved. There is little time left to fulfil these obligations. The deadline is extended to December 31 and after that Georgian Government will carry out actions permissible by the contract”, - concluded Tskitishvili.