A Memorandum of Understanding (MoU) has been signed by APM Terminals Poti and Poti New Terminals Consortium for a US$100 million investment in a new bulk cargo terminal that can process 1.5 million short t of dry bulk cargo annually and generate new trade opportunities for customers in the Georgian transit corridor.
According to APM Terminals, the new terminal is expected to be built on APM Terminals Poti land and infrastructure and will entail the construction, development and operation of a new breakwater, dry bulk cargo terminal and related infrastructure to serve bulk cargo customers.
Poti New Terminals’ is to assist with the design, development and management of the dry bulk cargo terminal to today’s world-class port standards.
APM Terminals Poti is a Black Sea gateway port serving the logistics industry in the Caucasus and Central Asia markets and is an economic engine for Georgia’s future growth.
The MOU was signed on 12 January 2018 at the Courtyard Marriott, Tbilisi and included customers and honorary guests from the Ministry of Economy and Sustainable Development of Georgia, Georgian Railway and Sea Administration, officials from Poti City Hall and Municipality, employees of Poti Sea Port Corp. and business leaders invited by Poti New Terminal Consortium.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/15012018/plans-underway-for-a-new-bulk-terminal-in-poti/