US to Fund Poti Terminal Construction by 50 million USD

The US Government plans to fund Poti Terminal construction works. OPIC will allocate 50 million USD for constructing deep-water seaport of Pace Terminal.

The loan agreement was signed at the OPIC head office in Washington. The official signing ceremony was attended by David Bakradze, plenipotentiary ambassador of Georgia to the USA.

The length of Poti deepwater seaport will be 650 meters and total workload will be 100 000 containers. Poti Terminal’s capability enables Georgia to become a regional hub, OPIC representatives noted.

OPIC has already financed about 60 projects worth 600 million USD.

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Economy

US to Fund Poti Terminal Construction by 50 million USD

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US to Fund Poti Terminal Construction by 50 million USD

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 04

Georgia Sees Surge in Electric Vehicle Registrations 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06