BAKU, Azerbaijan, June 25. The U.S.
International Development Finance Corporation (DFC) has provided a
$25 million loan for the expansion of Georgia's Poti port.
This was announced by the U.S. Embassy in Georgia in a
publication on its social media account.
According to the embassy, DFC signed a second loan agreement
with PACE Group to finance the completion of the second berth at
the New Sea Port of Poti.
"The project will increase the port's capacity by an additional
one million tons per year," the embassy said, adding that the
investment will strengthen critical infrastructure and improve
trade efficiency along the Trans-Caspian Corridor.
The financing follows an earlier $50 million DFC loan provided
in 2020 for the development and construction of the New Sea Port of
Poti terminal, the embassy reported.
To note, the Port of Poti is Georgia’s largest seaport on the
Black Sea and one of the key logistics hubs in the South Caucasus.
The port serves as an important gateway for cargo moving between
Europe, the Caucasus and Central Asia, including shipments
transported through the Trans-Caspian International Transport Route
(Middle Corridor).
Its strategic location allows it to connect maritime, rail and
road transport networks, making it a critical component of regional
trade and transit infrastructure. Recent expansion projects are
aimed at increasing cargo-handling capacity and strengthening the
port’s role in Eurasian supply chains.
