A deal has been struck for the development of a new cargo facility at a Georgian port currently under major development.
APM Terminals Poti (APMT) and Poti New Terminals Corporation (PNTC) have signed an agreement for the joint development of the dry and bulk cargo facility on the northern side of Poti Port, where a major expansion project is being planned.
APMT will invest in constructing a new breakwater, 400m of quay wall and dredging up to 13.5m vessel draft. PNTC will invest in building a new dry and bulk cargo facility including extensive yard area and rail connection in Poti.
“It is an important milestone towards reaching our ambition to develop the best-in-class logistics solution in Poti Sea Port which entails a modern dry bulk cargo facility capable to accommodate Panamax vessels and handle various cargo types on 25 hectares of the customized area,” said Keld Mosgaard Christensen, managing director of APM Terminals Poti. “This infrastructure will make the supply chain more efficient and effective for local and regional cargo owners.”
10m tonnes additional bulk capacity
The new dry bulk facility will be built during the first phase of the port construction project and will generate additional capacity of approximately 10m tonnes for bulk cargo, benefiting port users by providing deep-water draft, enabling faster vessel turnaround and reliable and efficient services.
“With an unprecedentedly substantial investment over the coming years during Phase 1 and Phase 2 in developing a new deep-water port in Poti, APM Terminals is clearly demonstrating our confidence in the sustainable future of the Georgian logistics corridor, and the continuous growth of national and regional economies that will stimulate businesses," added Mr Christensen.
