APM Terminals Takes a Step toward Poti Port Expansion
APM Terminals Poti and Poti New Terminals Consortium have submitted a conceptual design for the first stage construction permit of Poti port expansion.
Submitted to the Ministry of Economy and Sustainable Development of Georgia, the designs include construction, development and operation of a new breakwater, 700 meters of quay wall for dry bulk, containerized and general cargo.
“After high-level and in-depth negotiations with authorities, cargo owners, equity partners and financial institutions we concluded that Poti will continue as the prime access to the Caucasian and the Central Asian markets,” Klaus Laursen, Managing Director APM Terminals Poti, said.
The project plan entails a 14.5-meter water depth at the 700-meter quay wall and 25 hectares of dedicated land for the bulk operation for yard and covered storage facilities for various cargo types, including grain, ore, and minerals.
“The new bulk port will handle cargo lots up to 60.000 tons / vessel creating new cost-effective opportunities for cargo owners in Georgia, Azerbaijan, Armenia and other central Asian countries,” Laursen added.