Georgia presses ahead with Silk Road port development

Georgia presses ahead with Silk Road port development

Georgia is pressing ahead with construction of a giant new port that it believes will prove a crucial lynchpin on new Asia-Europe routes emerging in the wake of China’s One Belt, One Road infrastructure drive, yoking the world’s most populous nation to countries all the way to Europe.

The former Soviet republic has handed a $2.5bn contract to Anaklia Development Consortium, a joint venture between Georgia’s TBC Holding and Conti International from the US. The three-year construction of the port at Anaklia will start later this year. Once complete the Black Sea port will be able to handle 10,000 teu class boxships and process up to 100m tons of cargo a year.

Mamuka Khazaradze, president of TBC Holding, said: “The Anaklia project represents a one-of-a-kind investment in the restoration of the Silk Road that will pay dividends for generations of workers in Asia and Europe.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Avatar
    bridget
    February 9, 2016 at 5:39 pm

    Comment:the government should start with getting rid of that kwatos system that has all the loopholes in this world, the management has been insisting on retaining the system yet, they know that, it was not good for kpa