19.Jan .2021 11:30

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

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