Anaklia Deep-Water Port (Construction)

Anaklia Deep-Water Port Project

Locations

Type

Seaport

Status

Preparatory Works

Total Reported Cost

2.5 billion USD

Initiatives

Start Date

Start of Construction

2017

Planned Completion Date

2020

Funders

Source(s) Amount
100,000,000 USD

Description

Anaklia Deep-Water 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 facility will be able to handle multiple cargo and vessel types, such as Panamax, Handymax, and Aframax. 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 Free Industrial Zone in the area.