Zhenhua Heavy Industries Co. (ZPMC), a Chinese manufacturer of heavy lifting
and handling equipment, has agreed an investment of $50m in the development
of Anaklia Deep Sea Port in Georgia.
As part of the Anaklia Development Consortium (ADC), ZPMC has agreed to
provide container cranes and other equipment needed to control the container
terminal. It is also expected to attract Chinese financial institutions
for future investments.
ZPMC is also planning to take part in the construction tenders announced
According to the consortium, the project has attracted attention from investors
as it provides the shortest route from China to Europe.
The ADC is developing the Anaklia Deep Sea Port and the Anaklia Free Industrial
Zone in the Black Sea Region to breathe new life into the ancient Asia-Europe
Both developments are granted through an investment agreement provided
by the Ministry of Economy and Sustainable Development of Georgia.
Image source: Anaklia