Contract Awarded for Deep Sea Port in Anaklia

The Anaklia Development Consortium LLC has been awarded the contract to build and develop a Deep Sea Port in Anaklia, according to the Georgia’s Ministry of Economy and Sustainable Development.

The $2.5 billion project will establish a new maritime corridor between China and Europe, helping restore the historic Silk Road and stimulating national and regional economic growth.

Construction on the project is scheduled to launch by the end of 2016, subject to completion of environmental reviews.

The port will be operational three years after its groundbreaking. The project is expected to create as many as 3,400 jobs during the construction stage and 6,400 jobs to operate the port upon completion.

The port will have the capacity to process 100 million tons of cargo and generate 0.5% of GDP annually by 2025.

The Anaklia Development Consortium is a joint venture between TBC Holding LLC, which is based in Georgia, and Conti International LLC, a United States-based developer of infrastructure and capital projects. Other key partners include Moffatt & Nichol and Maritime & Transport Business Solutions from the Netherlands.

The Government of Georgia, which initiated the project, has committed to invest $100 million in ensuring its success.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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