conflict between the government and TBC Bank, government officials more and
more often say that formed under the
auspices of the bank Anaklia Development Consortium, which is engaged in the Anaklia port project, does not fulfill its
obligations that delays the start of the construction.
CEO of the Anaklia Development Consortium Levan Akhvlediani disagrees with this view.
“We were forced to postpone
the deadlines because of difficult
negotiations with the government. 16 changes were made to the project in our
favor, and 13 in favor of the government. Apart from that, the processes were
delayed for objective reasons - the acquisition of land from local residents
took a longer time than expected. This
is normal when we deal with such a large-scale project, ”he believes.
Levan Akhvlediani notes
that negative assessments give rise to suggestions that the authorities
are interested in derailing the project.
“They do not that TBC
Bank to be involved in the project. Despite it is drawn up in favor of the state and is
practically onerous for us, we still continue to work due to the scale and importance of the project. We knew that no one would work
on this project, and agreed on very unfavorable conditions, ” Levan Akhvlediani
According to the Consortium
CEO, the background created by the
government around TBC Bank directly impedes the implementation of the project.
institutions and investors require guarantees before deciding to finance the
project. These are 8 points, the fulfillment of which is imperative and without which investors refuse to take
part in the project.
“For example, the state has
committed itself to build road and railway infrastructure. The state fulfills
these requirements, but very slowly. We mobilized $ 620 million, but this is
only preliminary agreements, and no one should have the illusion that investors
will allocate such large sums without any conditions. If an agreement is not
reached, the project will fail, as the consortium does not have its own money for
such a large-scale construction, ” Levan Akhvlediani explains.
“If the government does
not agree to these conditions, investors will leave and the state will have to
announce a new tender, explain to potential partners why the first deal failed,
etc. All this will take time. Other investors will also put forward their own
terms and the government will have to agree on them if they really want to realize
the project, ” Levan Akhvlediani