The Anaklia Development Consortium (ADC) has reiterated its commitment to the Anaklia deep-sea port development project after the Georgian government cancelled the contract in January 2020.
In a statement, the ADC said the development of the deep-water port and the special economic zone that would accompany it would be “a catalyst for thousands of jobs and the creation of a new, vibrant city” and would lead Georgia’s economic “rebirth”.
It estimates that the project could create up to 16,000 new jobs and attract further foreign direct investment (FDI) into the country; the ADC also believes the new port could create up to $500 million in revenue.
The consortium has already begun work on the new port, having originally signed the agreement with the Georgian government in 2016.
In its statement, it listed among its work the signing of cooperation agreements strategically placed ports across Central Asia, including in Kazahkstan, Azerbaijan and Turkmenistan.
The aim is to place the new port as vital point for cargo traffic on routes between Asia and Europe and to that end the ADC has signed it up to the Trans-Caspian International Transport Route.
In addition, it has sought out providers of port equipment and technology, including Chinese firm ZPMC, the largest manufacturer of such machines in the world, to provide electrified rubber tyred gantry (RTG) cranes.
Furthermore, five million cubic metres of sand has already been dredged for the new port and irrigation channels have been made, along with inner roads and communication lines.
The ADC has said it will continue to push the Georgian government to continue with the new port project.