Irakli Gilauri, CEO of Georgia Capital says increased capacity mainly accounts for energy carriers and logistics.
According to him, the projects announced by the government recently are a kind of response to the opportunities that have arisen.
"The Black Sea Submarine Cable is a very good idea. It is important to join Europe and take energy carriers to Europe. There is a shortage and therefore, we have to fill this shortage. The second important step is to activate the middle corridor and make investments in the railway to increase the capacity", says Irakli Gilauri, CEO of Georgia Capital.
The Georgian government will take an additional loan of USD 75 million from the World Bank for the Black Sea Submarine Cable project. The feasibility study of the project was approved at the first session of the government of 2023.
