The Anaklia Development Consortium (ADC) issued the following statement in response to the 12 December 2022 comments by Prime Minister Garibashvili:
In his speech to the government meeting today about the Anaklia Port project, Prime Minister Garibashvili made a series of misrepresentations about the Anaklia Project and its past history. He also made assertions about the future of the project which are sure to fail.
We would remind the Prime Minister that the dispute between the Anaklia Development Consortium and the Government of Georgia is in arbitration at the International Chamber of Commerce in Geneva. He will be answerable for all his false statements today in that forum, as well as before the Georgian public.
ADC wishes to point out a few of the most dramatically false and misleading points in the Prime Minister’s speech:
1. The idea that the Georgian state can find a serious private investor for Anaklia Port, while planning to take a 51% controlling interest in the project, is absurd. It is the kind of corrupt and deluded privatization and concession process that was attempted in Georgia and the other former Soviet Union countries in the 1990s. It failed then, it was infused with gross corruption then, and the same would be true now. Moreover, no serious investor and no international financial institution will participate in or lend to a major project such as this if it is majority controlled by the Georgian state, especially given the Georgian state’...
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