Black Sea Product prepares to build new port in Georgia

Business Materials 23 August 2010 13:36 (UTC +04:00)

Azerbaijan, Baku, Aug. 23 / Trend E.Ismayilov N.Kirtzkhalia /

Georgia will begin constructing a new Black Sea port in Supsa, Black Sea Product Director and port owner Shalva Tsakadze told Trend over the phone today.

"Work to prepare the area for large-scale construction is underway," he said. "We are working on drainage in particular. Preparations will end in two months."

According to Tsakadze, initially $700 million will be invested in constructing the port.

Preparations include laying drainage canals and building drainage systems.

Tsakadze said earlier that the construction of the port, which will have a capacity of 40 million tons of cargo per year, will begin in 2014. The first vessels will go to harbor in late 2012.

The new port will be designed for the transshipment of oil-loading and liquefied gas freights. The port will also transship container and dry cargo. Less than half of the port's capacity will be designed for the transshipment of liquid freights, and the rest for container and dry cargo.

The port will be located in the center of the TRACECA transport corridor. The port's main advantage is the local water depth (18 meters), which will allow vessels to pass through the Bosporus.

Azerbaijani oil from the Azeri-Chirag-Guneshli fields is presently transported via the Baku-Supsa oil pipeline to Supsa. There, the oil is loaded onto tankers and sold to world markets