Georgia is negotiating with the Asian Development Bank on a possible sovereign loan to finance the construction of the land infrastructure of the Anaklia port. According to Finance Minister Lasha Khutsishvili, the loan will be channeled through the state budget, while the bank will not be directly involved in the project itself.
The state will retain control over the infrastructure – it will own 51% of the shares, and a private investor will receive the remaining 49%. The sea part of the port is being built by the Belgian company Jan De Nul, which won an international tender.
The Anaklia port, one of the country’s largest infrastructure projects, is preparing to receive its first vessel in 2029. It is expected to become a key hub for cargo transportation between Europe and Asia.