“From Shanghai to Rotterdam Through Georgia Rather than Russia” - TBC Bank President on Anaklia Port and the New Silk Road
30 May, 2015
“From Shanghai to Rotterdam Through Georgia Rather than Russia” - TBC Bank President on Anaklia Port and the New Silk Road
Soon the Georgian government will declare the company which, as a result of the tender, will carry out the Anaklia Port project. The list of contenders includes Anaklia Development Consortium, which is a union of TBC Holding and Konti Group. Mamuka Khazaradze, founder of the consortium, is holding one meeting after another with potential foreign partners for construction of the port. His interview with Georgian Journal took place on May 22, soon after his return from China.

“What we are
talking about here is the creation of an industrial zone near the Anaklia Port, with not only the Chinese, but many other foreign companies represented, including those from non-EU countries.”

– TBC Group participates in the tender for construction of the Anaklia Port. Just hours ago, you were in China. What meetings did you hold there?

– I met with representatives of two multinational companies, which are second and third largest in their fields worldwide. We also met with the Chinese geotv.geRailways Administration representatives as well as those of COSCO Pacific Limited, which is included in the world’s top three when it comes to transportation. In addition, we also held meetings with representatives of the China Development Bank, which has investment reserves worth 300 billion USD. The Chinese government has a strategy that envisions restoration of the historical Silk Road. Construction of the Anaklia Port fits into this strategy, allowing the flow of cargo to pass from Shanghai to Rotterdam through Georgia rather than Russia or any other path.
Another significant meeting we had was with the managers of one of the China’s largest free trade and industrial zones, and they also became interested in our project. What we are talking about here is the creation of an industrial zone near Anaklia Port, with not only Chinese, but many other foreign companies represented, including those from non-EU countries. Being a transit country and an industrial country are two very different things, and we aim to become an industrial country with a significant transit function. We enjoy significant financial support from the leading U.S. financial agencies and banks such as OPIC and U.S. Ex-Im Bank, along with many European financial institutions. Our investing partners are Goldman Sachs and Berkley, which provide a significant share of the financial contributions.
The Chinese side will be one of the components in this massive consortium. If the project becomes reality, it will significantly influence our national currency, not to mention regional development and employment.

“The Anaklia Port project will take 10 years to complete and its cost will range from two to 2.5 billion dollars.”

– How much do you and your partners plan to put into the Anaklia Development Project and how many years will it take?

– The project’s scale is so massive that no single entity has the capacity to finance it alone. Funds will be attracted through the consortium. Cost of the first stage of the project, which encompasses construction of the free trade area and the industrial zone, is approximately 800 million dollars. In total, the Anaklia Port project will take 10 years to complete and its cost will range from two to 2.5 billion dollars. If circumstances are favorable and if our plans are carried out as intended, goods produced in Georgia will successfully make it to the European market and the scale of both investments and the project itself will increase. Many players in the market will become interested in it; I would not even rule out it finding a spot for itself at the stock exchange. The port is to become one of the largest hubs in the entire region, uniting financial, logistical and industrial power under one roof, so to say.

– Since our Ministry of Economy expressed interest in the Anaklia Port project, 12 companies expressed their desire to participate. Out of these, only seven were shortlisted, and now there are only two left: yours and a Georgian-Chinese union, Anaklia Port and Industrial Eco Park. What advantages do you have over your competitor?

– Our advantage lies in one very important thing: diversification of investors. If carried out by us, the project will feature not only Georgian and Chinese companies, but also a whole multitude of international businesses, including those from Europe and the U.S. Another trump card that we have is written agreements with the large, reputable banks that I mentioned before – they have agreed to cooperate with our consortium. We have a good chance of winning, and if we do, I will share our plans in greater detail.

Print
Other Stories
Business Positive – Successful radio program from Radio Positive
Starting point of radio program Business Positive is to meet interesting people, communicate with them and deliver information that is interesting for the audience.
A factory of electric vehicles to be built in Kutaisi
Prime Minister Mamuka Bakhtadze stated that a factory of electric vehicles will be built in Kutaisi at the presentation of the Aigroup business group.
Qvevri-shaped hotel complex to be built in Telavi
A Qvevri-shaped hotel complex is scheduled to be built in the village of Shalauri in Telavi, Kakheti (east part of Georgia).
Georgian designers presented at Fashion World Tokyo 2019
The products of 11 Georgian designers are showcased at Fashion World Tokyo 2019,
Silknet raises $200 million in Eurobond issue
27 March 2019 - JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”).
Pistachio trees will be planted in Georgia
Dozens of hectares of Pistachio are planned to be planted in Georgia this year.
Toyota Safety Sense and Hybrid Technology
Toyota Caucasus, has presented two new models the 5th generation RAV4 and the 12th generation Corolla at Rustavi International Motorpark, several days ago.
Bidzina Ivanishvili “became number one oppressor of businesses in Georgia” - ICC Georgia chairman Fady Asly
Mr. Ivanishvili promised the business community to protect them from harassment and pressure, unfortunately his words died with the sunset of that day
The best brands of Belarus will be exhibited on a large-scale exposition in Tbilisi
"The Belarusians like to come to Georgia to relax near the sea in Batumi as well as to stay in sunny Kakhetia."
Don’t treat business like a hooker! - Georgian businessman Vasil Soprpmadze addresses politicians
Businessman Vasil Sopromadze, founder of the company "Fresco", addresses politicians
RAV4 No Compromise and Corolla Set to Impress – Two New Cars Presented by Toyota
Toyota Caucasus, the company constantly aspiring to greatness, has presented two new models the 5th generation RAV4 and the 12th generation Corolla.
Mamuka Khazaradze quits TBC bank, does not sell the TBC Bank share
I made a decision to leave TBC bank where I spent 27 years of my life
10 Reasons to buy an apartment in the suburbs
There is a tendency for Tbilisi dwellers to move from central parts of the capital to the suburbs.
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
The New York Times: Bitcoin declines but Georgia still bet on it
The New York Times has recently published an article about reasons, challenges and causes of generating Bitcoin in the former Soviet country Georgia.
EU to allocate € 13 billion for Eastern Partnership countries, including Georgia
The European Union together with the World Bank plans to allocate investment worth € 13 billion for infrastructure projects in the Eastern Partnership countries.
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
PHOTO OF THE DAY
GEL Exchange Rate
Convertor
21.04.2019
22.04.2019
USD
1
USD
2.6935
2.6935
EUR
1
EUR
3.0291
3.0291
GBP
1
GBP
3.5021
3.5021
RUB
100
RUB
4.2126
4.2126
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.6935
EUR
1
EUR
3.0291
GBP
1
GBP
3.5021
RUB
100
RUB
4.2126
April 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30