Photo: APM Terminals
The operator unveiled its plans for the creation of a deep-water port to the Georgian government. An investment of over $250m in private capital for phase 1 and a similarly substantial amount for phase 2 are required for Poti’s infrastructure and superstructure development.
A 300m container quay, equipped with 3 STS cranes will be constructed during the second stage of the project, doubling the port's annual container capacity, bringing it up to 1m TEU. The whole project's timeline is estimated at 24-30 months. Close cooperation with the Georgian government will be necessary in order to keep the deadlines, due to numerous permits that need to be granted.
Keld Christensen, Managing Director, APM Terminals Poti, said "The expansion project - the cost of which is negligible to the average Georgian taxpayer - will lead to a significant economic advancement for the country and region. Combining the best logistical solution for our customers and leveraging the know-how and resources of a world-class company, it will create more than a thousand jobs and business opportunities in and around the port."
Christensen also commented on working with the Georgian officials, "We are confident in the Government's support and will continue our effort and cooperation with the authorities to make sure Poti Sea Port Corporation remains the main gateway to the Caucasus and beyond."