China Walks Away From Georgia's Strategic Deep-Water Port Project ...Middle East

OILPRICE - Economy
China Walks Away From Georgias Strategic Deep-Water Port Project
source : OILPRICE ( Middle East ) () 52
China has walked away from the Anaklia Deep Sea Port project, ending speculation over one of Georgia’s most important infrastructure projects. The Georgian government now says it wants to develop and operate the port on its own. Few infrastructure projects in the Caucasus have been as geopolitically embattled as Anaklia. The project was launched in 2016, with a consortium of Georgian and US companies taking the lead in construction. The Georgian Dream government eventually canceled the $2.5 billion contract in 2020 and hit pause for a few…

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