BAKU, Azerbaijan, April 18. Georgia's revenue from the transport sector in 2022 is projected to increase by $150 million, compared to 2021, and exceed $960 million, Trend reports via Georgia’s “Society and Banks” (SAB) non-governmental organization.
According to the SAB report, the revenues are expected to increase both from the marine and railroad sectors, and in both cargo and passenger transportation.
Due to the hostilities between Russia and Ukraine, the diversion of international cargo flows is already happening, and Georgia sees a lot of demand for its corridors, SAB said.
As the organization said this will strengthen Georgia’s status as a transit country, and significantly contribute to the economic growth. However, undeveloped and unfinished road, rail, and marine projects still remain a challenge.
Currently, one of the most important projects to be developed in Georgia is Anaklia Deep Water Port project, the implementation of which will be a competitive advantage for the country, SAB noted.
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