American corporation to invest $20 mln in new terminal at Batumi Port
Trammo is the 58th in the list of largest US companies, says Forbes. Photo: Batumi Sea Port.
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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.
A multimodal transit terminal has opened in Georgia’s Black Sea Batumi port today, announces the Ministry of Economy of Georgia.
A new port and terminal will be built in Georgia’s Black Sea port town of Poti, announces Georgian Prime Minister Mamuka Bakhtadze. The US Overseas Private Investment Corporation (OPIC) will invest $50 million in a new port and terminal, while the project will be implemented by the PEI Group.
The PACE group, the largest transportation company in Georgia, has launched the construction of a new, modern terminal in Poti Port, western Georgia, the project worth of $120 million. The group, which operates eight Poti port berths and Pace terminal, has received $50 million in funding from the US Overseas Private Investment Corporation (OPIC), which is the largest investment by OPIC in the Caucasus.
International logistics company Wondernet Express will build a multimodal transit terminal in Georgia’s Black Sea Batumi Port.