A development consortium building a new deep sea port in Georgia on the Black Sea has signed agreements with Azerbaijan and Kazakhstan Ports, according to The Financial.
Anaklia Development Consortium signed the memorandum of cooperation with the Baku International Sea Trade Port in Azerbaijan and the Kazakhstan Port of Kuryk.
It targets development of the trans-Caspian corridor, improving competitive conditions for freight transportation for the new port at Anaklia in Georgia.
Georgia in 2016 awarded Anaklia Development Consortium, owned by shareholders TBC Holding and Conti International, in a bid to construct a new Black Sea Port to boost ‘silk road’ trade between Europe and China.
In addition to the development of Anaklia Port, JSC Anaklia City is developing a Special Economic Zone on about 2,000 hectares.
In 2014 the Georgian government announced a call for expressions of interest in the construction, design and operation of a deep-sea port in Anaklia.
US terminal operator SSA Marine in August, 2017 gained 20-year operating rights in respect to the container terminal at the new port of Anaklia, the first such infrastructure for the Georgian resort town.
A proposed port complex in Georgia would comprise container, dry bulk, break bulk and liquid bulk terminals and could have 16 metre berth depths.
Construction of the Anaklia Drainage Port is expected to commence on December 20, 2017 and the first ships to arrive at the port around the time of its opening in 2021.
Representatives of the Anaklia project held meetings with over 30 companies participating in the Tbilisi Belt & Road Forum on November 28-29, 2017 in Tbilisi.
Read more: A recent video gives an impression of the Anaklia Port and Free Industrial Zone project – based in western Georgia – which is expected to drive the development of the Asia-Europe shipping route.