The government of Georgia has selected two consortia to enter the final phase of a tender to build a new deepwater port at Anaklia, on the Black Sea. Those involved are Anaklia Industrial Europe Park/Port and the Power China Consortium, which also incorporates the local Teimuraz company and also the UK’s British Eco Power and China’s Hubei Hongyuan Power Engineering Company, and the Anaklia Development Consortium, which encompasses the TBC bank and the US investment Conti group.

Construction of the port is scheduled to begin in the summer of next year. It will be built in seven distinct phases, the first of which will be ready within three years, giving the port capacity to handle 7,000,000 tonnes.