China Communications only bidder for deep-water port in Georgia

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Georgia's economics ministry has announced that they received proposals only from China Communications to build a deep-water port in the Caucasus state of Georgia.

The Anaklia port project, initiated in 2016 with a US$2.5 billion budget, was initially undertaken by a consortium of America’s Conti International and Georgia’s TBC Holding. However, the project was halted in 2019 due to political controversies and arbitration disputes between the government and consortium members. In 2022, the government announced plans to revive the project and opened a call for bids, proposing a 51% government stake in the port with the remaining share available to investors.

China Road and Bridge Corporation and Qingdao Port International Co Ltd have been appointed as subcontractors for the port's construction. Given Georgia's strategic location on the eastern edge of the Black Sea, the port is essential for the Middle Corridor trade route between China and Europe, which bypasses Russia. The government has already set up a company to handle dredging and breakwater construction work.

List of the country updates

Country updates

  • February 23, 2023

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  • October 11, 2022

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  • August 26, 2019

    American Conti Group leaves Anaklia Development Consortium

    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 Anakli...

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