Construction of new deep water sea port of Anaklia to begin in 2023

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The Government of Georgia has announced that construction will begin on the republic’s Anaklia deep sea port on the Black Sea coast over the course of 2023. 

The project was launched in 2016 with a budget of US$2.5 billion but was abandoned in 2019. The project was to be built by a consortium of American Conti International and Georgian TBC Holding. After that, the project was resumed in December 2022. The Government of Georgia will own 51% of the port shares, and 49% will be offered to investors. The port project is part of infrastructure work "across the board", including road and highway construction and airport expansion across the country. Georgia also announced the start of accepting expressions of interest from companies, but will not wait for investors to receive funds and will begin work on the project. After collecting proposals, Georgia will select the best investor for the project in a few months with the involvement of international consultants. 

With running the call for submissions, the Georgian government will update the existing environmental engineering studies and start the civil works required for the port. After the authorities have received expressions of interest from the selected investor, a joint company will be established, which will ensure the attraction of funds for the implementation of the project and will facilitate the construction work and the start of the operation of the facility. 

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