APM Terminals Poti is planning to expand the Poti Sea Port in the city of Poti, Georgia. Its construction is expected to begin in 2022 and will be completed in 2024.
Poti Port is the largest logistics center in Georgia and it accounts for a significant part of the country's export/import and international transit.
The port is managed by the Danish company APM Terminals, which in turn is a member of the Maersk Group.
The company has been negotiating with the Georgian government for several years to start the construction of a new terminal. According to the government, the investment volume of the new terminal is up to USD 170 million.
Poti Port has published the 2021 report. According to the document, the port received revenue of 187.5 million last year, which is 4% less compared to the previous year, whereas the net profit is down by GEL 38 million and stands at GEL 83 million.
An application has filed to secure the first-stage land usage permit for the proposed deep-water port in February 2020. However, the company has not signed yet an official agreement with the government. If this agreement is reached, the port operator will be able to start construction of a new terminal project.
With the new terminal the port will have to receive dry cargo as well as containers. The port forecasts major traffic flows from Central Asia.
The expansion project will involve the development of a 1,800m-long breakwater and a quay with a depth of 13.5m. The 400m-long multipurpose quay will support the loading/unloading of dry bulk cargo. The new berth is expected to have a capacity to handle 9,000 TEU container ships.
The length of new marine terminal totals 260 meters with a water depth of 13 meters. This allows the port to offer services to the larger capacity vessels and provide faster rotation, which improves the supply chain.
