The Government of Georgia announced that Anaklia Development Consortium was selected for the development, building and operation of the deep sea port in Anaklia.
The Anaklia Development Consortium (ADC) is a JV between TBC Holding LLC and Conti International LLC, a major United States-based developer of infrastructure and capital projects. Other key partners of the ADC include the leading port designer Moffatt & Nichol and the leading port transaction advisor Maritime & Transport Business Solutions from the Netherlands.
The investor is obliged to provide the design of the Port, its construction and operation activity. In term of 3 months upon the announcement of the selected candidate, final discussions on construction, development, operation and disposal of Anaklia Deep Sea Port shall be held and after there successful completion an investment contract shall be signed by the parties. The contract would be valid for the next 49 years.
The Port shall be transferred to the state upon the expiration date of the contract. At the same time, Georgian Government undertakes obligation to provide road and railway connection to the Port.
Construction of Anaklia Port shall consist of several stages and upon its completion the Port will have the capacity to process up to 100 million tons of cargo per year.
According to the contract, the port shall be constructed in 9 stages with a cargo turnover of 100 million tones a year. The capacity of the port within the first 3 years is estimated at 7 million tonnes.
Call for the expressions of interest on construction and development of the deep water port in Anaklia was announced in 2014 and 12 consortiums/companies confirmed their interest in the project. Seven of those candidates entered the shortlist and they were requested to submit a proposal. Some of the candidates submitted their proposals in May-April, last year to the Government Commission.
Anaklia strategically sits on the shortest route from China to Europe connected by the Silk Road. New port will allow the cargo to be delivered from China and other eastern countries to European countries in significantly shorter period of time (delivery time shall be decreased by approximately 2 weeks).
“Development of Anaklia Port is essential for expansion of Georgia’s transit potential and economy as well as for further strengthening of our position on the Silk Road lane. After long discussions and procedures we selected Anaklia Development Consortium which has the perfect capabilities to implement the project. I would also like to highlight that this is a very large-scale project which involves several stages and Georgian Government also undertakes obligation to provide road and railway connection as well as all the relevant infrastructure to the Port,” Prime Minister of Georgia, Giorgi Kvirikashvili said.
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