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Home / Business / IPO of Managing Company of Anaklia Port is Considered Five Years Later
IPO of Managing Company of Anaklia Port is Considered Five Years Later

IPO of Managing Company of Anaklia Port is Considered Five Years Later

The IPO of the managing company of Anaklia Port is considered 5 years later.

Mamuka Khazaradze, investor of port project said that construction of the Phase 1 should be completed before the Initial Public Offering of the shares. The port must also start receive of ships; however, attracting of risky money is inappropriate at this stage.

It is already known that Deep Sea Port, equipped with modern technologies, will need 24 hours for load and re-load.

To note, 540 million is needed for construction of the Phase I, from which 190 million is already attracted and active work are being carried on the formation of an investment portfolio.

Therefore, 20 million will be spent on clearing and deepening of the bottom line.

Investors of the project noted at the meeting with the businessmen, that the Anaklia Port and the adjacent special economic zone will receive status of special zone. The Constitution has already been working on the legislative arrangement of the Special Zone.

Introduction of British arbitration model in the area is considered, thus acting investors and businesses will feel more secured.