Anaklia Deep Sea Port (Construction)

Anaklia Port Project Phase 1 (PPP)

Locations

Type

Seaport

Status

Under Construction

Total Reported Cost

540.0 million USD

Initiatives

Start Date

Oct. 03 2016

Start of Construction

Dec. 2017

Planned Completion Date

2021

Funders

Source(s) Amount

Description

Anaklia Deep Sea Port will serve as the main gateway for imports for approximately 17 million inhabitants of landlocked Caucasus and Central Asian countries and provide critical supply routes for nearly 146 million people living within the Port’s immediate region. The goal is to serve Central Asia and the New Silk Road trade route between China and Europe.

Set to open in 2021, the $2.5 billion Anaklia Port Project will be constructed over the course of 9 phases. The port will be 16 meters deep and handle multiple cargo and vessel types, such as Panamax, Handymax, and Aframax, with capacities up to 10,000 TEUs. Phase 1 of the project includes the construction of a container terminal with a capacity of 900,000 TEUs and a dry bulk cargo facility with a capacity of 1.5 million tons.

On February 8, 2016, the Government of Georgia awarded the Anaklia Development Consortium with a 52-year concession under the Build-Operate-Transfer (BOT) scheme. As part of the agreement, the Georgian Government will invest $100 million in the construction and development of the transportation links connecting the port to the region.

Port construction is overseen by the Anaklia Development Consortium, a joint venture between New Jersey based Conti International and Georgian TBC Holding. In addition to the port infrastructure itself, the consortium is developing a Special Economic Zone in the area.

This page contains data from BMI Research - Key Projects Database.