The Prime Minister of Georgia spoke about the Anaklia Port Project, noting that its successful implementation will significantly facilitate economic growth in the country.

“Selection of a private partner has been concluded. Successful bid was presented by a Chinese-Singaporean consortium and a Partnership Agreement with a Concessional Contract will be concluded after the completion of all the relevant procedures. Joint Enterprise will be incorporated afterwards, within which the state company will own 51% of shares, while the consortium - 49%.

In parallel, tender on construction works has been held in line with the World Bank rules. Anaklia Port infrastructure works will thus commence very soon. Tentative investment value of Phase One is 600 million USD and the port will service 600 000 containers after the completion of Phase One.

It means that 7.8 million tons of cargo will be handled and all the resources will be readily available for it. Anaklia Port Project has a tremendous importance for the development of the Middle Corridor, for the connectivity through Georgia. Our country has been historically connecting Europe with Asia, East and West. With the construction of this port, our country will be acquiring a new, special feature, of course”, - Irakli Kobakhidze.