Van Oord wins marine contract for $2.5bn Georgian port
The government of Georgia has granted Anaklia Development Consortium (ADC) the right to develop a US$2.5bn (£1.94bn) port and Van Oord has been selected for the marine works.
The Anaklia Deep Sea Port project will help establish a new maritime corridor from China to Europe.
The government's agreement with ADC grants the exclusive right to construct, develop and operate the port. As part of the agreement, the government will invest US$100m in the construction and development of railway and transportation links connecting the port to the region.
“The government’s $100 million investment represents an incredible statement of confidence in a project that has the potential to transform Anaklia and generate decades of new prosperity and opportunity for Georgia and its neighbours,” said ADC co-founder Mamuka Khazaradze. “And with experienced partners like Van Oord also on board, we are confident of bringing the project to a very successful completion.”
The Anaklia Deep Sea Port is expected to be operational by 2020. Thousands of workers will be employed during the nine phases of port construction and development, and ADC is opening a training centre to ensure a large percentage of those workers come from the local community.
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This article was published on 4 Oct 2016 (last updated on 4 Oct 2016).