TBC Bank founder accuses the Georgian authorities of driving off  investors

TBC Bank founder accuses the Georgian authorities of driving off investors

access_time2019-10-17 13:29:34

TBC Bank founder Mamuka Khazaradze believes that  the Infrastructure Minister’s  statement to  extend the term to search for investors for the Anaklia port project until December 31 is an attempt to mislead the public.

The banker accused the Georgian authorities of actually driving off  investors who were set  to invest in the project.

“The statement that the term is  extended to December 31 is another deception and an attempt to mislead the public. There was no extension of the deadline - on October 15 the deadline for submitting the investor expired, but the term to study the investment  proposal will expire by the end of the year,” Mamuka Khazaradze explains.



In Khazaradze’s words, he deliberately left the Anaklia project management to establish working relations between the consortium’s leadership and the government given it’s  the project of national importance.

“In reality we see not only the absence of a constructive dialogue, but also the complete divergence of opinions and tasks. The authorities practically drove off the investors and are trying to derail the project, blaming the consortium  for failing  to attract investors, which is not true, ” Mamuka Khazaradze notes. 


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