Anaklia project investors demand government to insure certain risks

4 international finance organizations, which have invested 400 million dollars in the Anaklia project, demand the government of Georgia to insure certain risks.

In particular, as InterPressNews was told by the Anaklia Development Consortium, investors - EBRD, ADB, AIIB and OPIC have the following demands: No terms be imposed for the development phases of the port. Next phases be developed only in case of necessity until the loans allocated by banks for the first phase are not paid off; The State insure the freight risks and the loss suffered by the Consortium by paying the bank credits. The government must lend money for this to the Consortium and the latter must pay off the bank credits; the government compensate the loss suffered by investors in case the port does not start operation in time, due to delays in the construction of the railway or roads; The Consortium be offered a flexible procedure of money lending; The state's gold asset be subjected to restrictions; The State issue compensation in case of political force majeure; In case of termination of the BOT contract, the state covers a $ 400 loan - in case of termination of the contract, the government has the right to cover the loan and fully acquire the port assets. In this case, consortium investors lose their own investments.