Poti Port Terminal Project Kicks Off

Minister Maia Tskitishvili, Image source: Ministry of Regional Development and Infrastructure of Georgia

The PACE Group officially launched the construction of a new terminal at Poti Port, western Georgia, yesterday.

According to a Pace Group’s official announcement, the new terminal will require dredging work in the harbor to a depth of 12 meters, which will result in the sea port being able to accept vessels up to 253 meters in length and a load capacity up to 50,000 tonnes.

The group, which operates eight Poti Port berths and Pace Terminal, has received $50 million in funding from the U.S. Overseas Private Investment Corporation (OPIC), which is the largest investment by OPIC in the Caucasus.

During the ceremony, Georgian Minister of Infrastructure, Maia Tskitishvili, said: “It is a big day, which saw the expansion of the Georgian business and another, big investment from our strategic partner from the United States.” 

The Pace Terminal Project is expected to become a unique and powerful maritime infrastructure, and will be seen as another big step for Georgia towards establishing the country’s own transportation corridor.

Image source: Ministry of Regional Development and Infrastructure of Georgia

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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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