American corporation to invest $20 mln in new terminal at Batumi Port

American corporation Trammo will invest $20 million to build a new terminal at Batumi Port.

Chairman of the Parliament of Georgia Archil Talakvadze has met with CEO of the American corporation Trammo Edward Weiner and its managing board in New York, earlier today to speak about the investment environment, strategic cooperation with the US, standards of protection of property rights and Georgian reforms.

Weiner noted that the decision was made due to Georgia's geostrategic position, business-friendly environment and stable governance of the country.

Trammo is the 58th in the list of largest US companies, says Forbes.