New Breakwater Part of the Poti Port Expansion Project
- Business & Finance
APM Terminals Poti and Poti New Terminals Consortium have submitted a conceptual design for the first stage construction permit of Poti port expansion to the Ministry of Economy and Sustainable Development of Georgia.
The designs include construction, development and operation of a new breakwater, 700 meters of quay wall for dry bulk, containerized and general cargo and will be equipped with modern equipment’s such as Ship-To-Shore cranes in accordance with international standards.
“After high-level and in-depth negotiations with authorities, cargo owners, equity partners and financial institutions we concluded that Poti will continue as the prime access to the Caucasian and the Central Asian markets,” said Klaus Laursen, Managing Director at APM Terminals Poti.
The project plan entails a 14.5-meter water depth at the 700-meter quay wall and 25 hectares of dedicated land for the bulk operation for yard and covered storage facilities for various cargo types, including grain, ore, and minerals.
According to the developers, the project will directly create estimated 250 new jobs for local population and over 900 employment opportunities in related industries and services, not included temporary jobs during the construction phase.
The new facilities in Poti will support the growth of international trade through the Georgian transit corridor greatly contributing to the country economy.