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PACE Group

PACE Group Receives the First Tranche of Investment for Construction of the New Sea Port of Poti from DFC against the Background of Global Pandemic

4 mins read

The PACE Terminal is situated in the so-called New Sea Port of Poti. The project consists of two phases. The total investment cost of the first phase is $93 million, of which $50 million is provided by the United States International Development Finance Corporation (DFC). The latter sum constitutes the largest investment carried out by the DFC in any single project in Georgia. The first tranche worth $30.8 million was transferred in early May 2020.…

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PACE Group Receives the First Tranche of Investment for Construction of the New Sea Port of Poti from DFC against the Background of Global Pandemic

4 mins read

The PACE Terminal is situated in the so-called New Sea Port of Poti. The project consists of two phases. The total investment cost of the first phase is $93 million, of which $50 million is provided by the United States International Development Finance Corporation (DFC). The latter sum constitutes the largest investment carried out by…