Major Georgian port project revived
Thursday, February 16, 2023
Significance
Prime Minister Irakli Garibashvili revealed in December that the government intended to build the Anaklia deep-water port, but without ADC involvement. After many false starts, the Georgian Dream party's government wants Anaklia to become its signature project, facilitated by strong economic performance.
Impacts
- Central Asian states and China will welcome opportunities to increase exports through Georgian ports.
- Russia needs Georgia as a transit route for sanctioned or at least grey imports and may not oppose Anaklia so vehemently.
- As bilateral relations quietly thaw, Russia and Georgia may resume shipping between their Black Sea ports.