According to the conditions that led to the announcement of a tender and revealing the winning company, we should have had a new port by 2020. Unfortunately, this could not be achieved, which is the responsibility of the investor. Such a statement made Natia Turnava, the Minister of Economy and Sustainable Development, while commenting the decision to cancel the contract with the Anaklia Development Consortium.

“We have been providing unprecedented support to this project and its investors since 2017.

According to the conditions that led to announcing a tender and revealing the winning company, we should have had a new port by 2020. Unfortunately, this could not be achieved, which is the responsibility of the investor. You can"t name another project that the government has shown so much support for. This is the only commercial project mentioned in the Constitution of Georgia.

The decision to cancel the contract is the right one because we need a deep water port. We see the need for this project to continue, but we do not see the resources to continue this project with its current investor. Giving more chances and postponing the project deadline further is impossible and hurts state interests”, - said Turnava.

The Government of Georgia has decided to cancel its contract with the Consortium and to launch appropriate legal procedures at today’s meeting.