(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 26. The Anaklia Deep
Sea Port project is of significant importance for enhancing the
competitiveness of the Middle Corridor in the long term, Georgia's
Vice Prime Minister and Minister of Economy Levan Davitashvili
said, Trend reports.
"We have entered an interesting phase. The first stage has
concluded, and now we have two finalists in the phase of reviewing
specific proposals, which is a multi-month procedure we are
conducting in collaboration with leading international consulting
expert firms. Simultaneously, we are preparing the technical
specifications for the maritime infrastructure. We are talking
about a long-term perspective spanning decades, and the Anaklia
project is one of the critical components," he said within the Silk
Road Forum in Tbilisi.
He also noted that Georgia sees the increasing role of the
Trans-Caspian International Transport Route (TITR), or the
so-called Middle Corridor.
Initiated in 2016 with a $2.5 billion budget, the Anaklia Deep
Sea Port project was originally set to be constructed through a
collaboration between Conti International from the United States
and Georgia's TBC Holding.
However, due to political disputes and arbitration proceedings
between the government and consortium members, the project was
shelved in 2019.
However, it was revived in December, following Russia-Ukraine
war. The conflict has led to a shift in trade routes toward the
"Middle Corridor," which traverses Georgia, Azerbaijan, the Caspian
Sea, and Kazakhstan.
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