Anaklia port investors demand risk insurance from Georgian government

Anaklia port investors demand risk insurance from Georgian government

Investors in the Anaklia Deep Sea Port project anf the Georgian government are negotiating demands that should be fulfilled in order to invest in the project.

The Anaklia Development Consortium said that four donor banks are negotiating with the state about the 8-point agreement regarding the Anaklia project. These investors are the European Bank for Reconstruction and Development (EBRD), Overseas Private Investment Corporation (OPIC), Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB).

The demands include the continuation of the terms, compensation or political force majeure. One of the demands is related to the road and railway that will be connected to the port.

The international financial institutions are expected to meet with the Georgian government in early April, Georgia Online reports.

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