APM Terminals Poti has presented its plans for the creation of a deep-water port to the Government of Georgia.
The plans require an investment of over US$250 million of private capital for phase one and a substantial amount for phase two in an extensive development of the port infrastructure and superstructure.
The expansion plan for Poti Sea Port consists of two stages of construction and development. The first stage includes a breakwater of 1,700 metres and a 400-metre multi-purpose quay with 13.5-metre depth able to handle dry bulk cargo and an incremental 150,000 TEUs.
The multipurpose quay will also be able accommodate container vessels of up to 9,000 TEU.
The second stage will include a 300-metre container quay equipped with three cranes. It will double the annual container capacity at Poti Sea Port to over one million TEUs.
The timeline for construction is estimated at 24 to 30 months with the first stage expected to be completed by the second quarter of 2022.
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