Baku, Azerbaijan, April 4
By Leman Zeynalova – Trend:
Anaklia Deep Sea Port in Georgia will be constructed in nine phases, Anaklia Development Consortium (ADC) told Trend.
The total investment value of the project is estimated at $2.5 billion, according to ADC.
“ADC is at the stage of finalizing the financial closure of the 1st Phase of the port. At this moment $620 million, which has been estimated as a total budget of Phase 1, is already mobilized,” said the consortium.
ADC said the investors of the project are: International Financial Institutions, who have signed mandate letters for the investment of up to $400 million of loan financing into the project and are in process of detailed negotiations; Partnership Fund, providing $100 million of subordinated debt (investment of the Georgian government); and private shareholders of Anaklia Development Consortium - the developer of the Anaklia Port - providing $120 million of equity investment coming from Georgian and international strategic and financial investors.
Anaklia Development Consortium (ADC) is an international consortium which combines international and local companies with specialized experiences in their respective fields. It is working with the government of Georgia to execute and fulfill Anaklia Deep Sea Port project.
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