Friday, September 20, 2024

Belgian Firm Jan De Nul Selected for Maritime Infrastructure Works at Anaklia Deep Sea Port: A Step Forward in Georgia’s Maritime Development

Share

Belgian Company to Carry out Maritime Infrastructure Construction Works for Anaklia Deep Sea Port

The Minister of Economy and Sustainable Development along with the first Vice Prime Minister of Georgia, Levan Davitashvili, has announced a significant milestone in the progression of the Anaklia Deep Sea Port project. The prestigious Belgian firm, Jan De Nul, recognized as one of the “Big Four” companies dominating the global dredging industry, has been selected to undertake the maritime infrastructure works essential for the development of the Anaklia Deep Sea Port. With 80 percent of the world’s dredging fleet under its management, Jan De Nul’s involvement heralds a new era in Georgian maritime infrastructure development.

During a press briefing, Minister Davitashvili shared insights into the selection process and the anticipated impact of this partnership. “Jan de Nul possesses the world’s largest dedicated fleet for port construction, adept in both dredging and breakwater installation. This expertise forms the foundational maritime infrastructure, adaptable to various configurations as the port evolves. We are in the process of finalizing the contract with Jan De Nul and expect to commence active construction work in Anaklia from September,” he remarked.

A recent press release by the Ministry of Economy underlines the strategic importance of the Anaklia Deep Sea Port. According to the First Vice Prime Minister, collaboration with Jan De Nul is projected to facilitate the operationalization of the first container ships by 2029, significantly contributing to the Middle Corridor initiative aimed at enhancing connectivity between Europe and Asia.

Established in 1938, Jan De Nul boasts a turnover of €2.5 billion and employs a robust workforce of over 7,000 globally. The company’s notable contribution to the expansion of the Panama Canal underscores its capabilities and extensive experience in handling large-scale maritime projects worldwide, including in Europe, the Persian Gulf, and Africa.

In addition to Jan De Nul’s engagement, discussions are underway with a Sino-Singaporean consortium, which recently emerged as the winner of the Anaklia Deep Sea Port private partnership selection competition. The Minister highlighted ongoing negotiations aimed at refining the consortium’s proposals, emphasizing the complexity of the process due to the intricate requirements and technical specifications involved.

Levan Davitashvili further explained the strategic approach adopted by the Georgian government to expedite the port’s development. “Our decision to simultaneously proceed with the construction works and the selection of a private partner was tactical, allowing us to lay the groundwork without delays. This decision is proving fruitful, as we now move forward with our private partner to develop ground infrastructure, ensuring a streamlined and effective partnership”, he stated.

The Anaklia Deep Sea Port project stands as a testament to Georgia’s commitment to enhancing its maritime infrastructure and fostering economic development through improved regional connectivity. With the involvement of Jan De Nul and the ongoing partnership discussions with the Sino-Singaporean consortium, the project marks a significant step towards realizing Georgia’s ambition of becoming a pivotal logistics and transportation hub between Europe and Asia.

Alexandra Bennett
Alexandra Bennetthttps://www.businessorbital.com/
Alexandra Bennett is a seasoned business journalist with over a decade of experience covering the global economy, finance, and corporate strategies. With a Bachelor's degree in Economics and a Master's in Business Journalism from Columbia University, Alexandra has built a reputation for her insightful analysis and ability to break down complex economic trends into understandable narratives. Prior to joining our team, she worked for major financial publications in New York and London. Alexandra specializes in mergers and acquisitions, market trends, and economic

Read more

Latest News