American Conti Group leaves Anaklia Development Consortium

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American Conti Group (Conti International LLC) has left the Anaklia Development Consortium. Anaklia development consortium was responsible for the development of New Deep Water Sea Port at Anaklia, Georgia. The reason Conti group exited the consortium is that no agreement has been reached between the government and the project investor banks, despite the support from the government for the consortium.

The Anaklia Development Consortium is stating that the decision of Conti group will not seriously damage the consortium. Consortium currently consists of TBC Holding from Georgia, SSA Marine from the United States, British Wondernet Express working in Central Asia, and G-Star Ltd. from Bulgaria. 

The Ministry urges the Consortium to introduce a plan of replacing the Conti Group with another Western company with similar capacities. According to the terms of the tender, the Georgian Government would rely on the bidding company to fulfill the project, if they meet two basic requirements: It would have had at least 5 years of experience in the construction and management of a similar port and the financial standing required to carry out such a project. 

List of the country updates

Country updates

  • June 30, 2017

    The Anaklia Development Consortium has completed all feasibility works and is continuing to work on the EIA report, which has been distributed for public review and discussion

    The Anaklia Development Consortium has completed all feasibility works and is continuing to work on the EIA report, which has been distributed for public review and discussion. The preliminary design for phase 1 was submitted to the Georgian Government

  • June 28, 2017

    Anaklia Development Consortium appointed SSA Marine as the terminal operator for the project

  • February 12, 2016

    Preferred bidder selected for Tblisi hospitals PPP

    The Georgian Ministry of Labour Healthcare and Social Affairs has selected AlphaMedic for the redevelopment, finance and operation of three major hospitals in Tbilisi.

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  • February 10, 2016

    Georgia selects consortium for deep sea port concession

    The $2.5 billion project will establish a new maritime corridor between China and Europe, helping restore the historic Silk Road and stimulating national and regional economic growth.

    Read more
  • October 01, 2015

    Georgia seeks interest for health PPP project

    The government of Georgia has issued a pre-qualification questionnaire (PQQ) to shortlist bidder to carry out a health PPP project in the country.

    Read more

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