16 July 2020,   06:44
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The complete reconstruction of one of the terminals of the port in Poti will start in the near future – Giorgi Gakharia

The phase of the complete reconstruction of one of the terminals of the port in Poti will begin in the near future, adding that an American fund is making direct investments there. Such a statement made today the Prime Minister of Georgia.


“As regards the further stimulation of economic growth: As you know, foreign direct investment is of critical importance to our country. We have done everything possible to make sure that the systemic infrastructural projects funded by the state were not suspended, or at least to ensure that the rate of suspension was minimal; we have also done everything to stimulate foreign direct investment.


The phase of the complete reconstruction of one of the terminals of the port in Poti is an example of this. The phase will begin in the nearest future and an American fund is making the investment. The project has already begun and 30 million USD have already been transferred. The total value of the project amounts to 93 million USD.


The works will begin in the coming days - this is yet another confirmation of the state’s efforts to provide foreign investment, as well as of the deepening of our country’s cooperation with our strategic partner, not just in terms of security or democratization but also in economic terms. This is also significant to us in other ways, in addition to the economic implications. Along with everything else, we need to bolster our investment in our port infrastructure and the port in Poti - one of the most important gateways into the country - must develop even further. We must do everything to ensure that the maritime infrastructure and port infrastructure on the black sea coast in Georgia are modern and developed. We must support everything, including the construction of new ports”, - concluded Giorgi Gakharia.

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