Chinese Firms Win Rights to Build, Operate Black Sea Port

A stretch of coastline along the Black Sea
Updated Published

Two Chinese companies have secured the rights to build and operate a deep-sea port on the Black Sea.

China Communications Construction Company and China Harbour Investment will develop the long-anticipated port in Anaklia, Georgia.

The initial phase of the Anaklia port project involves constructing a berth capable of handling 7 million tons of cargo and a 600,000 TEU container terminal, with a total investment of $600 million. The government will maintain a controlling stake of 51% in the port.

Anaklia, a town and seaside resort in western Georgia, is situated in the Samegrelo-Zemo Svaneti region, where the Enguri River meets the Black Sea.

Georgia's two primary ports, Batumi and Poti, are currently operating near capacity as trade from China to Europe increases.