Plans for a deep-water port have been presented in Georgia as its developers work to secure funding for the project.
APM Terminals Poti presented its expansion plans to the Government of Georgia. The plans require an investment of over US$250m of private capital for phase 1 and a substantial amount for phase 2 in an extensive development of the port infrastructure and superstructure.
“This investment in the strategically important port of Poti is a proof of our commitment and belief in Georgia and the development of a transport corridor that stretches into Central Asia,” explained Keld Christensen, managing director of APM Terminals Poti.
The expansion plan for Poti Sea Port consists of two stages of construction and development. The first stage includes a breakwater of 1,700m and a 400m multipurpose quay with 13.5m depth able to handle dry bulk cargo and an incremental 150,000 teus. This berth will be able accommodate container vessels of up to 9,000 teus.
Doubling of annual capacity
The second stage will include a 300m container quay equipped with 3 state-of-the-art STS cranes. It will double the annual container capacity at Poti Sea Port to over 1m teus.
“We are confident in the Government’s support and will continue our effort and cooperation with the authorities to make sure Poti Sea Port Corporation remains the main gateway to the Caucasus and beyond,” adds Keld Christensen.
The timeline for construction is estimated at 24-30 months. The first stage would be completed in the second quarter of 2022.
