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APM Terminals: Pace Group Has to Follow Poti Seaport Regulations

“The so-called project 201 has to follow the restrictions exercised by the Poti Seaport, because the seaport has only one entrance channel of 10.5 meter depth and these parameters absolutely satisfy the current regulations. There are not plans for deepening the seaport further”, Klaus Holm Laursen, director general of Poti Seaport noted at the Analytics, the author’s program by Elene Kvanchilashvcili.

Pace Group ensures operation of 8 berths owned by APM Terminals at Poti Seaport. The group has talked about plans for constructing ultramodern deep-water seaport after the spread information that OPIC will fund Pace Georgia by 50 million USD.

Total value of the terminal project makes up 120 million USD. In the first phase, 99 million USD will be spent, including OPIC will spend 50 million USD.