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Abu Dhabi’s AD Ports Group is acquiring a majority 60% stake in Tbilisi Dry Port, Georgia, following a deal with Inveco. The facility, a new custom bonded and rail connected intermodal logistics hub, is situated along an emerging trade lane linking manufacturing hubs to consumer markets in Eastern Europe. The deal plans on leveraging a combination of sea and dry ports located in Kazakhstan, Azerbaijan, Armenia, Georgia and Turkey to drive freight traffic.
The Dry Port project, currently owned by Inveco and Wilhelmsen, is expected to be operational by the end of 2024 and consists of a range of integrated facilities including a container freight station, warehouses and a car storage park, all of which will be managed by Noatum Logistics, part of the AD Ports Group.
The Dry Port will act as the point of entry and exit as well as a regional transit point for manufacturers, shippers and consignees moving containers, vehicles and other goods for distribution and storage. The project offers direct railway links to Turkey and to the Georgian ports of Poti and Batumi, as well as ports located along the Caspian Sea through a railway corridor to Azerbaijan.
The project will be completed in three phases. By the end of the initial phase, the handling capacity is expected to reach 96,500 TEUs, with 10,000 m2 of warehouse and a car storage yard. Upon the completion of phase three, the project will have a handling capacity of 286,000 TEU, 100,000 m2 of warehousing and a significantly expanded car storage yard. Further land plots have already been secured and can be developed as and when needed, AD Ports points out.
