Natia Turnava: The arbitration lawsuit of Anaklia Consortium and one of its main investors doesn't have any legal perspective

31.07.20 9:35

According to Natia Turnava, Minister of Economy and Sustainable Development, the Consortium is trying to politicize the issue and impede the government to find a new investor. As Turnava stated, the Anaklia Development Consortium didn't cope with fulfilling the obligations.


"The agreement with the Consortium was signed in 2015. It's now 2020 and according to the agreement, we should have had an active Anaklia Port already. However, despite the support from the government, the Consortium didn't cope with the realization of the project. This lawsuit doesn't have any legal perspective. Therefore, it is an attempt of politicization - to impede the government to find a new investor. We are systematically working on the renewal of the tender package and search for a new investor", - stated Turnava.


For the record, Anaklia Development Consortium and the main foreign investor took an arbitration lawsuit against Georgia on July 29. The plaintiffs are demanding restitution of their rights. According to their statement, the demand exceeds 1 billion USD in compensation of losses.



source: IPN

Read: 172

Write comment

(In their comments, readers should avoid expressing religious, racial and national discrimination, not use offensive and derogatory expressions, as well as appeals that are contrary to the law)

You can enter 512 characters

News feed