BAKU, Azerbaijan, Feb. 13
By Tamilla Mammadova – Trend:
APM Terminals Poti has presented its plans for the creation of a deep-water port to the Government of Georgia, Trend reports citing the statement of APM Terminals published on company website.
As reported, the plans require an investment of over $250 million of private capital for phase 1 and a substantial amount for phase 2 for an extensive development of the port infrastructure and superstructure.
According to Keld Christensen, Managing Director of APM Terminals Poti, the expansion project will lead to a significant economic advancement for the country and the region.
"Combining the best logistical solution for our customers and leveraging the know-how and resources of a world-class company, it will create more than a thousand jobs as well as business opportunities in and around the port,” the statement of APM Terminals Poti said.
As reported, the expansion plan for Poti Sea Port consists of two stages of construction and development. The first stage includes a breakwater of 1,700 meters and a 400 meters multipurpose quay with 13.5 meters depth able to handle dry bulk cargo and an incremental 150,000 TEUs.
This berth will be able to accommodate container vessels of up to 9,000 TEU.
The second stage will include construction of a 300 meters container quay equipped with 3 state-of-the-art STS cranes. It will double the annual container capacity at Poti Sea Port to over 1 million TEU.
“We are confident in the government’s support and will continue our effort and cooperation with the authorities to make sure Poti Sea Port Corporation remains the main gateway to the Caucasus and beyond,” added Christensen.
The timeline for construction is estimated at 24-30 months. This would require close cooperation with and support from the Georgian government, to ensure all necessary permits are granted in a timely manner. According to this schedule, the first stage would be completed in second quarter of 2022.
---
Follow the author on Twitter: @Mila61979356