Investors have not shown their interest in the Anakli port project

Investors have not shown their interest in the Anakli port project

access_time2019-11-07 11:55:25

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 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 million.

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.


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