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.

Share this article

Follow Dredging Today

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

10TH Annual Conference Dredging in India

The conference will focus on strategies and solutions to meet the future dredging requirements…

read more >

Australasian Coasts and Ports 2019

Conference Theme “Future directions from 40°S and beyond” reflects the increasing awareness about the need to find suitable…

read more >

PORTS Conference

The PORTS Conference series is internationally recognized as an outstanding opportunity to network with…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply