New Seaport Opened in Poti Employing More than 200 People
A new seaport has been opened in Poti. The new port was built with the financial support of the Pace Group and the United States Agency for International Development (DFC).
93 million USD has been invested into the seaport's construction, with large hydrotechnical facilities built and modern port infrastructure installed.
The Prime Minister, in his speech, pointed out that Pace carried out the large-scale construction of Poti's new port, a far-reaching project for the region, starting in 2020. According to him, hundreds of jobs were created in the process, a crucially important aspect for the region's population amid the pandemic.
"Pace was carrying out construction work on Poti's new seaport from 2020, a vitally important project for the region. As of today, some 93 million GEL has been invested, and this amount will increase to 120 million USD after the completion of both phases. Let me single out the engagement of the United States in this project, namely the International Development Finance Corporation (DFC) allocating 50 million USD in financing, another demonstration of Georgia's being an attractive country for foreign investments, one with the largest transit and transport potential in the region.
The company employs over 1,000 people, and the average annual turnover of the seaports operated by the company amounts to 3 million tons. Additionally, the company, in the process of implementing this project, has excelled in social responsibility by creating hundreds of new jobs, a very important factor for the region's population amid the pandemic," Irakli Garibashvili said.
The value of the new seaport, one of the largest among Georgia's ongoing maritime projects, is almost 120 million USD. The US International Development Finance Corporation (DFC) allocated 50 million USD to finance the project, the organization's largest single investment for a project in the region. After the project's finalization, the capacity of Georgia's unified seaport infrastructure will increase by 3.5 tons.