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Government slashes USD 52.5 million from Anaklia Deep Sea Port contract

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“The Georgian government is committing itself to ensuring that every infrastructure project is delivered with maximum cost-efficiency and minimum burden on the public purse,” declared Prime Minister Irakli Kobakhidze at a cabinet session.

The PM added that over the past several months, an exercise in expenditure optimisation had been carried out across a range of existing contracts, including those relating to the Anaklia Deep Sea Port project.

“Over the past several months, we have carried out a serious and wide-ranging optimisation of state expenditure under existing contracts. Among other agreements, we have reviewed the contract for the dredging and breakwater construction at Anaklia Deep Sea Port, which was originally valued at USD 203.9 million. We also revisited the contract with the supervising company. The result is that the overall cost of the project has been reduced by more than 25 per cent, saving USD 52.5 million. Within the coming days, construction in Anaklia will recommence at significantly reduced cost.

The Georgian government accepts full responsibility for ensuring that every infrastructure project is delivered as cost-effectively as possible, with the lowest achievable call on the state budget. I wish to express my sincere gratitude to the Minister of Economy and his team, who have in this instance saved the state treasury USD 52.5 million,” the Prime Minister said.

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image ADB highlights Georgia's favourable business climate and infrastructure ambitions as growth forecast upgraded - Deputy Economy Minister

10.04.2026.21:24

“The Asian Development Bank (ADB) has published its Asian Economic Outlook report, highlighting Georgia’s strong economic growth of 7.5% in 2025. For 2026, against a backdrop of ongoing regional conflicts, the ADB projects growth of 5.5 per cent, an improvement of 0.5 percentage points on the previous forecast,” Vakhtang Tsintsadze, Deputy Minister of Economy and Sustainable Development, has stated.

The Deputy Minister noted that the report draws particular attention to Georgia’s current account deficit, having fallen to a record low, alongside international reserves reaching a record high.

For 2026, the ADB expects average inflation in Georgia to stand at 3.8 per cent, reducing the previous year’s figure.

“The Asian Development Bank also emphasises that Georgia is striving to establish itself as a trade, logistics, and transport hub. In this regard, the report highlights a series of reforms facilitating improvements to customs procedures and related processes. The Bank further underscores Georgia’s infrastructure achievements, both in port development and rail connectivity,” said Vakhtang Tsintsadze.

According to the Deputy Minister, the ADB report singles out Georgia’s attractive business environment for particular praise, drawing attention to the country’s free trade agreements, as well as the mechanisms in place to safeguard investors’ interests, all of which, taken together, serve to strengthen the confidence of both domestic and international investors and enhance Georgia’s appeal as an investment destination.

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