Feasibility study of Anaklia Black Sea Port to attract investors

The feasibility research on defining the capacity and construction importance of Anaklia Black Sea Port near Abkhazia, the breakaway region of Georgia will be conducted according to the Ministry of Economy and Sustainable Development of Georgia.

The tender of conducting the in-depth analysis of the port will be announced in the nearest days. The research will be financed by the Partnership Fund, the state-owned fund created to attract investments from abroad, and focus on co-financing projects in the energy, agriculture, real estate, and industrial sectors.

"The Fund will allocate 5 million GEL for the in-depth analysis of the port to attract the best research and consulting company in the world; we would like to have the qualified analysis to explore the future capacity of the Black Sea transport and logistical hub, said Giorgi Kvirikashvili, the Economy and Sustainable Development Ministry of Georgia after the first Minister Cabinet meeting led by PM Irakli Garibashvili.

The research will also to show the feasibility of building a new international airport. According to Kvirikashvili, the government needs the high quality research, the document that they will subsequently submitted to the banking institutions.

In early December 2011, the previous government was also considering construction of a new Lazika city and port on Georgias Black Sea, between Anaklia and Kulevi in the north from the port town of Poti.

Ex-president Saakshvili announced, at that time that it was planned, "at least half a million would be the population of the city in next ten years that required GEL 1-1.5 billion at the initial stage for the city to be built.

There were many controversial ideas about the future importance of the project. After the new government came in power it stopped the project development but late said that building the Anaklia Port is possible.