Anaklia Development Consortium (ADC) has won a deal from the Government of Georgia to exclusively build, develop and operate the $2.5bn Anaklia Deep Sea Port for a period of 52 years.

As part of the contract, the government will invest $100m in the construction and development of railway and transportation links connecting the port to the neighbouring region.

Spanning an area of 400ha, the port will pave way for a new maritime corridor from China to Europe.  

"The government’s $100m investment represents an incredible statement of confidence."

Set to be operational by 2020, the port will employ thousands of workers during its nine phases of construction and development.

Upon completion, the port will have a 100 million tonne freight turnover.

Anaklia Development Consortium co-founder Mamuka Khazaradze said: “Today’s agreement signifies a major commitment by the Government of Georgia, who have been instrumental supporters of the Anaklia Deep Sea Port from day one.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The government’s $100m investment represents an incredible statement of confidence in a project that has the potential to transform Anaklia and generate decades of new prosperity and opportunity for Georgia and its neighbours.

“And with experienced partners like Van Oord also on-board, we are confident of bringing the project to a very successful completion.”

The consortium also entered into an agreement with Dutch maritime engineering company Van Oord to conduct pre-construction works for the Anaklia Deep Sea Port.

ADC has also committed to building a facility for kindergarten classes, an ambulatory centre, a business centre, and other facilities in Anaklia, Georgia.

Besides developing the Anaklia Deep Sea Port, the company is currently involved in the development of the Anaklia Free Industrial Zone in the Black Sea region, to restore the ancient Asia-Europe trade route.