According to Georgia’s Minister
of Infrastructure Maya Tskitishvili, negotiations with the Anaklia Development
Consortium are underway, but investors
have not shown their interest in the project while less and less time is left. The government
gave the consortium a deadline until the end of 2019, and if the investor is not
found by the time , the state will withdraw the consortium from the project.
In Maya Tskitishvili‘s words, the
CEO of the consortium Levan Akhvlediani made
the initiative to the government to create a special fund in the amount of $
150 million to provide a guaranteed
return of the funds.
As reported , many
investment companies and banks show
interest in the Anaklia deep sea port project but refrain from pouring
into it due to the uncertain potential of the port. They demand from the state
to guarantee the return of the poured investments - if agreed, the Georgian
government will have to return to their private companies and banks their investments in the amount of $ 400
The Georgian government does not agree to this condition
that creates problems in attracting investors.
The Minister of Infrastructure says the government is not going to change its position.