live European leaders meet in Dublin for security talks as Aliyev holds key bilateral meetings
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and e...
Georgia’s busiest sea gateway has reached its capacity limit, adding urgency to plans for a major expansion of Poti port as the country seeks to strengthen its role in the Middle Corridor trade route between Asia and Europe.
Zviad Chkhartishvili, head of the Poti Sea Port Administration, said the port is operating at the limit of its throughput capacity, making its long-discussed expansion increasingly urgent.
Chkhartishvili said the Poti Port Expansion Project would be privately financed, with the state acting as a partner. The development would therefore not draw on taxpayers’ money.
The arrangement means responsibility for expanding Georgia’s key Black Sea port will fall on private investors rather than the public purse.
Chkhartishvili also highlighted the pressures on the port’s cost structure, with relatively modest cargo volumes and high operating costs contributing to higher tariffs.
He said increasing throughput and reducing costs should allow tariff policy to improve, potentially making Poti more competitive.
Expansion is therefore not only aimed at allowing the port to handle more containers, but also at creating the conditions for more competitive rates.
Poti faces growing regional competition. Ports in Aktau, Turkmenbashi and Baku have attracted significant investment in recent years, strengthening their positions along the Middle Corridor, which connects China and Europe through Central Asia and the South Caucasus.
Chkhartishvili said Georgia needs an “adequate infrastructural response” to keep pace with its Caspian neighbours.
The expansion of Poti alone will not be enough, according to Chkhartishvili, who said wider infrastructure improvements must progress alongside the project.
These include development of the East–West highway, modernisation of the railway network and digitalisation of customs procedures.
Together, he said, the projects form a unified strategy that will help determine whether Georgia can establish itself as a key link in the Middle Corridor rather than become a bottleneck along the route.
While negotiations over the larger expansion continue, APM Terminals, which operates the port, is already taking steps to handle rising cargo volumes.
Additional land has been acquired near the port to support future growth, while a new crane is expected to increase throughput capacity by 50,000 twenty-foot equivalent units (TEU).
The additional capacity is expected to support both Poti and the wider Middle Corridor.
Chkhartishvili expects the upgrades to increase the port’s total throughput capacity to 650,000 TEU by the end of the year.
Negotiations between the Poti Sea Port Administration and Georgia’s Ministry of Economy and Sustainable Development are continuing, with both sides expected to hold further talks before the end of the year to finalise details of the large-scale expansion.
The project could strengthen Georgia’s position as a transit hub connecting Asia and Europe at a time when infrastructure investment elsewhere along the Middle Corridor is increasing.
With Poti already operating at its capacity limit, the expansion has become increasingly pressing as Georgia seeks to keep pace with growing regional competition.
UN Secretary-General António Guterres delivered a stark warning at this year's COP31 summit, saying the climate crisis iss advancing faster than governments' efforts to contain it.
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Here's your AnewZ Daily Brief for 11 November. Today, we cover Russia-Ukraine peace talks, political tensions in Washington, strikes in Spain, espionage allegations involving Nvidia's CEO, and climate negotiations at COP31 in Türkiye.
Four million workers across Spain joined a general strike on Wednesday over the country’s deepening housing crisis, unions said, bringing disruption to factories, ports, shops and public transport just weeks before a snap general election.
Iran has unveiled a new underground missile and drone base, warning that it will respond forcefully to any attack, as tensions persist with the U.S. and oil tankers continue to be struck by naval mines in the Strait of Hormuz.
Afghan and Russian businesses signed 15 trade agreements worth $103 million in Kabul on Thursday during a visit by Russian Deputy Prime Minister Alexei Overchuk, Afghanistan’s government said.
Rising demand for air cargo and expanding international aviation networks are opening up new trade opportunities for Central Asia and the South Caucasus, as countries invest in airports and strengthen their roles in global supply chains.
Kazakhstan’s security service has arrested Nurlan Zhakupov, CEO of Samruk-Kazyna, the country’s sovereign wealth fund, on suspicion of corruption. Yelzhas Otynshiyev, Chairman of KTZ, Kazakhstan’s national railway firm has also been detained.
An Israeli airstrike on Nasser Hospital in southern Gaza has killed at least six people, including a surgeon, and wounded 20 others, according to Gaza’s civil defence service.
The competitiveness of international trade depends on how efficiently goods move across borders. These issues are in focus at the 22nd International Exhibition of Transport and Logistics – TransLogistica Uzbekistan 2026, taking place in Tashkent, Uzbekistan, from 10 to 12 November.
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