Georgian and Turkmen ports team up for better operations

Anaklia Development Consortium will invest $2.5 billion USD to build the Anaklia Deep Sea Port. Photo by Georgia's Ministry of Economy., 31 Aug 2017 - 16:46, Tbilisi,Georgia

Georgia’s Anaklia Development Consortium has signed a Memorandum of Understanding (MoC) with Turkmenistan’s largest seaport, the Turkmenbashi International Seaport.

The MoC envisages deals with the cooperation of two ports – Anaklia Deep Sea Port and Turkmenbashi International Seaport - in transportation, cargo turnover, logistics and port operations.

The Anaklia Development Consortium, which is responsible for building the largest port in Georgia, will invest $2.5 billion in the multi - functional port project.

Work on the Anaklia Deep Sea Port project began before the end of 2016 and will be completed by 2020.

After building the new port it is important to attract cargo from central Asian countries, including Turkmenistan,” said General Director of the Anaklia Development Consortium Levan Akhvlediani.

The authorities of these two ports agreed on the introduction of joint regional and international cooperation for the transportation of goods and containers. Also, to create the needed infrastructure taking into account the geographical conditions of both ports.

The sides also agreed to share experience with each other and to develop business opportunities in global trade.