Georgia To Restart Anaklia Deep-Sea Port Project

In all likelihood, the Georgian government has decided to seriously deal with the project of constructing the strategically important deep-sea Port of Anaklia, which was suspended in 2020 when the government canceled the $2.5 billion contract with previous investor Anaklia Development Consortium (ADC) (Eurasianet, January 9, 2020). At an official government meeting on December 12, 2022, Georgian Prime Minister Irakli Garibashvili announced that the Anaklia port will be built by the state with 51-percent ownership of shares, while the rest will…