"Our government - the Prime Minister, the economic team - are sparing no efforts to develop a port and harbor infrastructure and create new ports in Georgia", - the Minister of Economy and Sustainable Development of Georgia said, while delivering a speech at the opening ceremony of the construction of the new port infrastructure in Poti Port.
Natia Turnava congratulated the audience, the project investor – the US Government’s Overseas Private Investment Corporation (OPIC) and the population of Poti on launching this significant project.
“We are doing everything in order Georgia to finally establish, strengthen and develop its place in our Eurasian corridor and actually become a hub; today's project is a clear example of this, ”- the Minister of Economy and Sustainable Development stated.
Moreover, Natia Turnava emphasized the importance of creating new jobs within the frames of the project: "The project will provide the employment of hundreds of people and will satisfy 500 families," - she noted.
The US Government’s Overseas Private Investment Corporation (OPIC) invested $ 50 million in the mentioned project. The new port infrastructure will be located on 25 hectares of land; within the frames of the construction, the water area will deepen to 13 meters and, consequently, the port will be able to accept vessels with a load capacity up to 60,000 tonnes. This will increase the freight turnover to 5 million tonnes. The project costs $ 120 million. Its first phase costs $ 93 million, out of which, $ 50 million is included in the OPIC's investment. This is the largest funding for the investment projects implemented by OPIC in Georgia and throughout the Caucasus region.
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