Anaklia Port Deal Signed, Construction Begins This Year

The Anaklia Development Consortium LLC and the Government of Georgia signed an investment agreement for the Anaklia Deep Sea Port Project last week.

A statement released by the Prime Minister’s press office revealed that this capital port development scheme will start before the end of 2016.

According to the Georgian Prime Minister, Giorgi Kvirikashvili, this project will include many phases, but the important thing is that in three years the Port will start functioning and will employ thousands of people.

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

Around $580 million will be invested during the first phase of the project, Kvirikashvili added.

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.

Van Oord is responsible for the marine works of the project.

Other key partners include Moffatt & Nichol and Maritime & Transport Business Solutions from the Netherlands.

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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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