Two Chinese firms have won the rights to build and operate a deepsea port on the Black Sea.
China Communications Construction Company and China Harbour Investment will develop the long-planned port at Anaklia in Georgia.
The initial phase of Anaklia port development involves constructing a berth capable of handling 7m tons of cargo and a 600,000 teu container terminal, with a total investment value of $600m. The government will hold a controlling stake of 51% in the port.
Anaklia is a town and seaside resort in western Georgia. It is located in the Samegrelo-Zemo Svaneti region, at the place where the Enguri River flows into the Black Sea.
Georgia’s top two existing ports – Batumi and Poti – are operating at near capacity as trade from China heading west to Europe grows.
