APM Terminals Poti and Poti New Terminals Consortium came to an agreement and signed a Memorandum of Understanding (MOU) for a $100 million dollar investment in a new bulk cargo terminal that can process 1.5 million tons of dry bulk cargo annually.
The MOU was signed on January 12, 2018 at the Courtyard Marriott, Tbilisi and included customers and honorary guests from the Ministry of Economy and Sustainable Development of Georgia, Georgian Railway and Sea Administration, officials from Poti City Hall and Municipality, employees of Poti Sea Port Corporation and business leaders invited by Poti New Terminal Consortium.
The new terminal will be built on APM Terminals Poti land and infrastructure and will include the construction, development and operation of a new breakwater, dry bulk cargo terminal and related infrastructure to serve bulk cargo customers.
APM Terminals Poti is a Black Sea gateway port serving the logistics industry in the Caucasus and Central Asia markets and an vital to for Georgia’s future growth.
Poti New Terminals will design, develop and manage the dry bulk cargo terminal.
