Press Release

Poti Sea Port Corporation (PSPC) and Poti New Terminals Consortium (PNTC) signs Memorandum of Understanding. Accordingly, 100 million dollars investment is expected on the land belonging to the Poti Sea Port Corporation and hydrotechnical infrastructure. The New Bulk Cargo Terminal has a capability to process more than one million tons of different types of dry bulk cargos annually and will expand new opportunities for Georgian transit corridor.

Memorandum of Understanding between Poti Sea Port Corporation and Poti New Terminals Consortium will be signed on January 12, 2018, at 16:00, in Courtyard Marriott, Tbilisi. The Poti Sea Port Corporation (PSPC) considers the possibility of expanding the Poti Port in north direction within "North Territory", which involves the construction, development and operation of the new breakwater, dry bulk cargo terminal and related infrastructure according to international standards.

For this purpose, Poti New Terminal Consortium (PNTC) united a group of Georgian and foreign businessmen to create develop and manage dry bulk cargo terminals of the modern international standards as well as the relevant infrastructure and facilities within the "north territory", the annual capacity of which will be 1.5 million tones.

The list of honorary guests invited to the solemn ceremony of signing the Memorandum of Understanding includes: the representatives of the Ministry of Economy and Sustainable Development of Georgia, Georgian Railway and Sea Administration, representatives of Poti City Hall and Municipality, staff (employees) of Poti Sea Port Corporation and the group of businessmen, invited by Poti New Terminal Consortium.