Bank Of Baku

Georgia’s government terminates agreement about construction of Anaklia sea port

Georgia’s government terminates agreement about construction of Anaklia sea port
# 09 January 2020 12:01 (UTC +04:00)

Georgia’s government launches legal procedures for termination of the investment agreement with Anaklia Development Consortium, APA’s local bureau reports.

This issue was discussed at today’s meeting of Georgia’s government, and the decision was announced a few minutes ago.

The non-fulfillment by the consortium of the medium-term obligations arising from conditions of the agreement was shown as the reason for termination of the agreement.

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THE OPERATION IS BEING PERFORMED