Anaklia Development Consortium (ADC) signed an agreement appointing US company SSA Marine as terminal operator for the Anaklia Deep Water Black Sea Port’s container terminal. This will establish an important new maritime corridor between China and Europe and stimulate national and regional economic growth. The agreement provides SSA Marine with operating rights to the port’s container terminal for the next 20 years. SSA Marine will also act as an equity investor for ADC.
“Our goal is to create the best platform for US business interests in the region, and the involvement of US companies in large regional infrastructural projects is very important. Together with involvement of the Conti Group in the consortium to develop and construct the deep sea port in Anaklia, we are also glad that an agreement will be signed with leading world class US port operator SSA Marine to operate the container terminal and invest in the most important project in Georgia. This fact once more outlines the increasing interest of US business in Georgia and the huge potential of our country to become a regional hub,” Georgian Prime Minister Giorgi Kvirikashvili commented.
The agreement with SSA Marine, based in Seattle in the United States, further strengthens US involvement in the Anaklia Port project. SSA Marine joins Conti International, a major US-based developer of infrastructure and capital projects, which is co-leading the ADC together with Georgia-based TBC Holding.
“The Anaklia Deep Sea Port shows the potential of a stronger bilateral relationship between our nations. American companies are investing alongside their Georgian counterparts in this multi-billion-dollar project. As we look toward the future, our two nations have untold opportunities to contribute even more to each other’s prosperity,” US Vice President Mike Pence said.
ADC plans to start construction of the deep sea port by the end of this year, with the operational launch of phase 1 scheduled for 2020-2021.
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