The Anaklia Development Consortium (ADC) today was awarded CG/LA Infrastructure’s highest honor: the Strategic Infrastructure Project of the Year. The award, which was announced at CG/LA’s 9th Global Infrastructure Leadership Forum in Washington, DC, recognizes projects and the leadership behind them that serve as a model for global growth, job creation and investment.
“We are honored to receive this award, which underscores the Anaklia Deep Sea Port’s incredible investment opportunity and potential to catalyze economic opportunity in the Caucasus and beyond,” said Kurt Conti, CEO and President of Conti International, which leads the ADC in partnership with TBC Holding. “We are looking forward to breaking ground at the end of 2016 and begin contributing to the revitalization of the historic Silk Road that once connected China to Europe.”
Finalists for the Top Strategic Infrastructure Project award are evaluated on their ability to dramatically increase national and regional competitiveness, their magnitude, and their replicability. The Leadership Forum features projects from 10 sectors: Highways, Bridges & Tunnels, Urban Mass Transit, Power Generation, Power Transmission, Ports & Logistics, Airports, Water / Wastewater, Oil & Gas, and ICT. The newly announced Georgian project stood out among competitors from France, Mexico and the United Kingdom to clinch the conference’s premier recognition.
“The award highlights the most significant strategic initiative of the year that truly moves the needle for a particular region,” said Norman F. Anderson, President and CEO of CG/LA Infrastructure. “The Anaklia Deep Sea Port is poised to make a global impact by spurring regional development and economic opportunities, creating jobs and increasing trade to landlocked countries.”
Georgia’s Ministry of Economy & Sustainable Development awarded the Anaklia Development Consortium the contract to build and develop the $2.5 billion Deep Sea Port in Anaklia on February 8, 2016. Located on the eastern edge of the Black Sea, Anaklia strategically sits on the shortest route from China to Europe. The project is expected to create as many as 3,400 jobs during the construction stage and 6,400 jobs to operate the Port upon completion.
About the Anaklia Development Consortium LLC (or “ADC”)
The ADC is a consortium of TBC Holding LLC from Georgia and Conti International LLC from the United States. TBC Holding was founded by Mamuka Khazaradze who also is the Founder and Chairman of TBC Bank JSC. Conti International LLC is a major developer of infrastructure and capital projects. ADC is in discussions to add other members, including partners from China. ADC’s leaders are proactive, resourceful entrepreneurs with an exceptional 20-year relationship and a track record of ethical business conduct. ADC has established a framework of preliminary agreements with diverse global players in port and transport infrastructure for Anaklia Port’s long-term success.
About CG/LA
CG/LA Infrastructure is a nonpartisan global strategic advisory firm based in Washington, D.C. Founded in 1987 by President & CEO Norman F. Anderson, CG/LA Infrastructure provides a forum and network for visionary leaders who possess the creativity, innovation and imagination necessary to build the strategic infrastructure projects of the future. For more information about CG/LA, please visit http://www.cg-la.com/