Georgian Economy Minister: Anaklia Consortium suit against gov’t pointless

Georgian Economy Minister Natia Turnava has commented on the Anaklia Development Consortium’s decision to file arbitration claim against Georgia and said that the consortium is trying to politicise the issue and prevent the government from finding a new investor.

• Anaklia Development Consortium, major foreign investor suing Georgia

She stated that the consortium itself did not cope with fulfilling its obligations.

The agreement with the consortium was signed in 2015. It is now 2020 and according to the agreement, we should have had an active Anaklia Port already. However, despite the support from the government, the consortium did not cope with the realisation of the project. This lawsuit is futile. Therefore, it is an attempt to politicise - to impede the government’s task of finding a new investor. We are systematically working on the renewal of the tender and searching for a new investor", said Turnava.

The consortium and Meyer are demanding the restitution of their rights and compensation for damages done to the consortium as a result of what they say was a government campaign against the project during its implementation.