China Walks Away From Georgia's Strategic Deep-Water Port Project
Oil Dominance Keeps Growing Despite Lower Prices Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… China has walked away from the Anaklia Deep Sea Port project, ending speculation over one of Georgia’s most important infrastructure projects.
The Georgian government nowsaysit wants to develop and operate the port on its own.
Few infrastructure projects in the Caucasus have been as geopolitically embattled as Anaklia.
The project was launched in 2016, with a consortium of Georgian and US companies taking the lead in construction.
The Georgian Dream government eventuallycanceledthe $2.5 billion contract in 2020 andhit pausefor a few years.
In mid-2024, Georgian officialsre-awardeda construction contract to a Chinese consortium, underscoring the government’s geopolitical pivot away from the US and European Union to Russia and China.
Georgian officials now say the port will be developed under a “landlord” model, with the state retaining ownership of core infrastructure while bringing in international partners in limited capacities.
The statement made no mention of the Chinese consortium previously selected for the project, a silence that effectively confirms months of speculation that Beijing lost interest in the venture.
China’s state-owned China Communications Construction Company (CCCC) and its Singapore-registered subsidiary, China Harbour Investment, gained a 49 percent stake in the port in 2024.
By late 2025, however, reports began circulating that the consortium was no longer involved.
The July 6 announcement by the Georgian government appears to formalize that exit.
“The ‘landlord’ model will give the state the opportunity to develop the Anaklia Port not with a single partner, as previously planned, but simultaneously in partnership with several states and companies.
| Product | Price | Change |
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| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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