Negotiations are underway with 4 international financial institutions over the Anaklia port construction

Negotiations are underway with 4 international financial institutions over the Anaklia port construction

access_time2019-05-08 10:25:39

Levan Akhvlediani, General Director of the Anaklia Development Consortium, says that negotiations are currently underway with 4 major international financial institutions over the allocation of loans to build the Anaklia deep-water port.

“They are mobilized to be poured  into the project, and in the near future a meeting will be held with the Georgian government officials. The start of the port construction may be delayed for 3 months and the first vessel will enter the port a little later. The first phase of construction was planned to be completed at the end of 2020 while  the port to start operating  in  the first months of 2021. Most likely, these deadlines will be changed, but in any case, if the negotiations are completed successfully and the decision to invest is adopted, the first  vessel will enter the port in early 2021, ”he explains.

Levan Akhvlediani notes that both the consortium and the government are ready to hold a meeting with investors, which is scheduled for May 13. But prior to it,  to coordinate the position the leadership of the consortium with meet the government officials to develop common approaches.

According to Infrastructure Minister Maya Tskitishvili, at this stage the government is actively working with both the consortium and investors to bring the positions closer.


 

“Attracting investors and building the port is an obligation of the consortium and  all questions about the  terms of the construction should be addressed to it. We were forced to help the consortium and join the negotiations to attract investors, ”she notes.


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