"This project will ensure processing at least 2.5 million tonnes of dry bulk cargo and 100,000 containers,'' Georgian Economic Minister Natia Turnava said on the Poti port terminal project.
She says it is essential for the development of Georgia's port infrastructure.
In Turnava's words, the U.S. International Development Finance Corporation (DFC) has already invested $ 30 million in the project.
"The corporation will invest 50 mln USD… the project has reached a crucial phase," Natia Turnava said, adding the Poti port terminal project dates back September 2019.
She says the Georgian government is doing its best to ensure the smooth conduction of significant state and private infrastructure projects.
The Poti port terminal project (PACE Terminal) includes two phases.
The total investment value of the first phase is $93 million.
The DFC will provide a total of $50 million.
Georgian Prime Minister Giorgi Gakharia also emphasized the importance of deepening the port and foreign direct investments today.