To attract investors to Anaklia Project is hundred times more difficult - Bochorishvili

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19.Jan .2021 11:30

To attract investors to Anaklia Project is hundred times more difficult - Bochorishvili

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Author:Natia Taktakishvili

Keti Bochorishvili, former CEO of Anaklia City told BM. GE, to attract an investor in the Anaklia Project is hundred times more difficult, as the project already has a very bad reputation.

“Today, the Anaklia Port project has a very bad reputation and to interest investor in the project is quite difficult. But, I am still optimistic and think that if there is a desire, the project can be launched. Developing port infrastructure is extremely important for Georgia in order to strengthen the function of a logistics hub," - said Keti Bochorishvili.

The government is preparing a new tender for the construction of Anaklia Port. Before the new state procurement, the government wants to update the feasibility study. Deepwater Port Development Agency signs a contract of 1 million GEL to manage these processes.

The Government of Georgia terminated contract with the Anaklia Development Consortium early in 2020. The official reason was non-fulfillment of the obligations under the previous contract with the Anaklia Development Consortium. Due to this, the ADC has sued the Georgian government at the international arbitration court.

Anaklia Port Project Keti Bochorishvili