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China exits Anaklia deep-water port project as Georgia restructures plans
The Georgian government said it will develop and operate the port itself under a landlord model, following the project’s U.S.-linked contract cancellation in 2020 and a Chinese consortium stake that later drew exit reports.
OilPrice reports that China has walked away from the Anaklia Deep Sea Port project in Georgia, ending speculation over a major regional infrastructure venture tied to shifting geopolitical alignments.
The Georgian government now says it wants to develop and operate the port on its own, adopting a landlord model where the state keeps ownership of core infrastructure and brings in international partners only in limited capacities.
The project began in 2016 with a consortium of Georgian and U.S. companies. Georgia’s Georgian Dream government later canceled a $2.5 billion contract in 2020 and paused the effort for several years before officials re-awarded a construction contract to a Chinese consortium in mid-2024.
OilPrice adds that the Georgian statement did not name the previously selected Chinese consortium. China Communications Construction Company, via a Singapore-registered subsidiary, held a 49 percent stake in 2024, but by late 2025 reports circulated that the consortium was no longer involved, with the July 6 announcement effectively formalizing the exit.