ANAKLIA – HERE IT COMES AGAIN
The Georgian government continues to work on an updated investment tender package for the construction of the first deep-water port of Anaklia in the west of the country. It is planned to announce an international process for the selection of investors in 2022, according to Natia Turnava, Minister of Economy and Sustainable Development in Georgia.
The project ‘has history’ with earlier attempts at launching it failing to get off the ground. In January 2020, the authorities cancelled the contract with the Anaklia Development Consortium, a private entity, as a result of it being unable to fulfil its financial obligations. This, in turn, has resulted in a legal challenge from the consortium via which it is seeking reimbursement of financial losses, claimed to be in excess of US$1 billion and restoration of the cancelled contract.
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