APM Terminals Poti (APMT) and Poti New Terminals Corporation (PNTC) have signed a deal to jointly develop a new bulk cargo facility on the northern side of Poti Sea Port in Georgia.
Under the agreement, APMT will construct a new breakwater, 400 metres of quay wall and dredge up to 13.5 metres vessel draft. PNTC will build a new dry and bulk cargo facility including yard area and rail connection in Poti.
The new dry bulk facility will be built during the first phase of the port construction project and will generate additional capacity of approximately 10 million tonnes for bulk cargo.
“It is an important milestone towards reaching our ambition to develop the best-in-class logistics solution in Poti Sea Port which entails a modern dry bulk cargo facility capable to accommodate panamax vessels and handle various cargo types on 25 hectares of the customised area. This infrastructure will make the supply chain more efficient and effective for local and regional cargo owners,” said Keld Mosgaard Christensen, managing director of APMT.
Christensen pointed out that the project is expected to benefit the local community, catalysing new commercial activities and enabling hundreds of direct and indirect employment opportunities.
“The significance and positive impact of this strategic project gives us confidence for the success of this initiative, achieved by effective cooperation and coordination among multiple stakeholders, especially the government of Georgia, whose vital support to this process is highly appreciated,” he said.