A ChineseSingaporean consortium has actually won a contract to develop a container port at Anaklia on Georgia's Black Sea coast, Georgian media on Wednesday cited Economy Minister Levan Davitashvili as stating.

Of the 2 bidders, the consortium and a Swiss-Luxembourg business that passed the last stage of competitors in September, only the consortium sent a proposal before the due date, the local news website Civil.ge pointed out Davitashvili as saying.

The Georgian federal government itself will buy the port and own 51% of shares, while the consortium will own the rest. Georgia has said it plans to start building and construction operate in June.

The consortium consists of state-owned Chinese building and construction giant China Communications Building and construction Co Ltd and Singapore's. China Harbour Investment.

Original prepare for the $2.5 billion deep-sea port envisaged. an annual capacity of 14 million tonnes of freight by 2030.

The port, likely to be used for trade to and from Central. Asia and China, started in 2017 with the involvement of American. business Conti International LLC, but was visited the Georgian. federal government.

Chinese business are currently involved in building roadways and. railways throughout Georgia.