08 July 2020,   18:42
American Conti Group leaves Anaklia Development Consortium


American Conti Group leaves the Anaklia Development Consortium. The information is reported by Accentnews.ge. The reason is the developments around the project, where no agreement has been reached between the government and the project investor banks so far.

Seven out of the eight main requirements submitted by Anaklia Port Investor Banks to the Government of Georgia are already agreed. There is only one major issue left - Insurance by the State of the Risk of Consignment.

Investor banks demand the state to insure the difference that the consortium will have to pay the banks according to the schedule.