PM Terminals, a unit of Danish Maersk shipping company, plans to build a new terminal at Poti Sea Port in Georgia, with construction expected to start later this year 2022 with completion in 2024.
The terminal will be located on the previous shipbuilding plant in Poti, in the waters of the new port on an area of 25 hectares, able to handle cargo throughput of 50 million tonnes and two million twenty-foot equivalent units (TEUs) per year, upon completion.
The total project volume will amount to US$120 million and will be concluded in two phases.
Poti is on the eastern Black Sea coast and offers onward transit maritime routes to the European Union from the Port, which is connected to the Russia avoiding southern silk road which extends east to China via the Azerbaijani Caspian Sea Port at Baku, then overland by rail across Kazakhstan to the Chinese border in Xinjiang Province. The port can also access southerly routes via Turkmenistan and Uzbekistan.
