Browse Tag

lawusit

The ADC stated gov’t reneged on support for port project

2 mins read

The FINANCIAL — The Anaklia Development Consortium is the company originally selected by the government of Georgia to develop the Anaklia Port project. The company has released a statement yesterday, September 9. The statement claims the government ran a campaign to undermine the project by dissuading potential project investors, lenders, contractors and suppliers from joining the project in order to kill it. The ADC Supervisory Board states that “All infrastructure projects of such scale require government support; namely the encouragement of lenders and investors, the assistance in permitting, regulatory approvals and a favorable tax regime, and providing any ancillary support; in…

Read More »

The ADC stated gov’t reneged on support for port project

2 mins read

The FINANCIAL — The Anaklia Development Consortium is the company originally selected by the government of Georgia to develop the Anaklia Port project. The company has released a statement yesterday, September 9. The statement claims the government ran a campaign to undermine the project by dissuading potential project investors, lenders, contractors and suppliers from joining the…