The Anaklia Development Consortium (ADC) has been awarded the exclusive right by the government of Georgia to build, develop and operate the $2.5bn Anaklia Deep Sea Port.
The project — expected to establish a new maritime corridor from China to Europe — will be constructed on 400ha of land.
In parallel with the port project, ADC will build a facility for kindergarten classes, an ambulatory centre, a business centre, and mini soccer and volleyball fields. It will also repair a local municipal administrative building.
The government will invest $100M in the construction and development of railway and transportation links connecting the port to the region.
ADC co-founder Mamuka Khazaradze said: “The government’s $100M investment represents an incredible statement of confidence in a project that has the potential to transform Anaklia and generate decades of new prosperity and opportunity for Georgia and its neighbours.
“And with experienced partners like Van Oord also on board, we are confident of bringing the project to a very successful completion.”
ADC has selected the Dutch company Van Oord to conduct pre-construction works for the project. The Anaklia Deep Sea Port will be delivered in nine phases and is expected to be operational by 2020.