APM Terminals Poti, in west coast of Georgia, revealed plans for the creation of a deep-water port to the Government of Georgia. The plans require an investment of over 250 million USD of private capital for phase 1 and a substantial amount for phase 2 in an extensive development of the port infrastructure and superstructure.
This investment in the strategically important port of Poti is a proof of our commitment and belief in Georgia and the development of a transport corridor that stretches into Central Asia,
…explains Keld Christensen, Managing Director of APM Terminals Poti.
The expansion project is expected to lead to a significant economic advancement for the country and region, generating more than a thousand jobs, Mr. Christensen added.
As informed, the expansion plan for Poti Sea Port consists of two stages of construction and development.
The first stage includes a breakwater of 1,700m and a 400m multipurpose quay with 13.5 m depth able to handle dry bulk cargo and an incremental 150,000 TEUs.
Early in 2019, APM Terminals Poti and Poti New Terminals Consortium submitted a design for the first phase to receive the construction permit of Poti port expansion in Georgia.
This berth will be able accommodate container vessels of up to 9,000 TEU.
Then, the second stage will include a 300m container quay equipped with 3 state-of-the-art STS cranes. It will double the annual container capacity at Poti Sea Port to over 1 million TEU.
The timeline for construction is estimated at 24-30 month. According to this planning, the first stage would be completed in Q2 2022.
The Poti Sea Port is a major seaport off the eastern Black Sea coast at the mouth of the Rioni River in Poti, constituting a cross point of the Trans-Caucasian Corridor, which connects the Romanian port of Constanţa and Bulgarian port Varna with the landlocked countries of the Caspian region and Central Asia.
