“We are ready to support the Anaklia port project”

“We are ready to support the Anaklia port project”

access_time2019-09-25 12:10:45

“I can say that we are ready to support the Anakli port project if your solution is commercially viable,” Jürgen Rigterink,  First Vice President at the EBRD, says.

According to Rigterink, he has already met with Georgia’s Prime Minister Giorgi Gakharia and discussed the project.

“I was on a visit to Armenia, met with businessmen and government officials, who showed their  interest  in the Anaklia project as it has a great importance not only for Georgia, but for the entire region, ”he notes.

EBRD Vice President can’t specify  in what  form the Eurobank will participate in the project, since it is not yet clear what  the government and investors will decide.


“The best shot is   our support not to be  needed at all, as we are a development bank which  supports the projects that for one reason or another cannot be implemented  by the private sector. I told the Prime Minister that if the project fails to be  carried out with private  capital, we are ready to support it, ” Jürgen Rigternik stresses.

As reported, the final decision on investing in the  project should be made before October 15. If investors refuse to finance the construction, the government can announce  a new tender for the construction of the port.

Apart from that, Anaklia Development Consortium should find a replacement for the American company Conti, which was involved in the project but announced its withdrawal from the Consortium.

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