Multifunctional Transshipment Terminal at Port of Poti, Georgia (DFC-POTIPORT)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Transford LLC
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Sep 19, 2020


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Project Description

According to the Bank's website, the project provides financing to the Transford LLC to fund construction of a general cargo and container port on the Black Sea Coast immediately adjacent to the Port of Poti. 

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

Transford LLC - was founded in 2010 by PACE International LLC and PACE Georgia LLC for the purposes rendering stevedoring and storing services (loading and unloading ships) in Poti Sea Port. Transford LLC is focused on Bulk Cargo handling activities and operates four berths 3, 4, 6 and 15 of the Poti Sea Port. The company has two subsidiaries including B&P LLC (80%) and Metalex Trans LLC (52.5%). In 2013 Transford LLC purchased Poti Shypyard Factory

Contact Information

Transford LLC
Mr. Zviad Bzhalava
61 Agmashenebeli Street, Poti, Georgia
+999 493 278388