Georgia plans $7 billion investment in Europe-Asia logistics corridor

Georgia plans to mobilize nearly $7 billion through 2032 to develop the transport and logistics infrastructure of the Middle Corridor, Prime Minister Irakli Kobakhidze said at an international maritime forum in Batumi.

The forum brought together 400 delegates from 40 countries. Kobakhidze said the event had particular importance as the global economy faces new challenges, including the growing need to diversify routes, stabilize supply chains and build reliable links between Europe and Asia.

“In these conditions, the role of the Middle Corridor becomes strategic,” Kobakhidze said. He cited World Bank forecasts that, with the necessary investment, cargo volumes could triple by 2030 while transit times could fall by half.

“

The Government of Georgia has prepared a long-term plan and intends to mobilize up to $7 billion through 2032 for the development of transport and logistics infrastructure.

The Georgian prime minister also said the country’s maritime transport sector had successfully met all commitments under the association agreement with the European Union, signed in 2014. Georgia, he said, is ready to continue strengthening international standards in the Black Sea in close cooperation with the International Maritime Organization.

IMO Secretary-General Arsenio Dominguez, a Panamanian, highlighted Georgia’s role as a bridge between East and West. He said current negative geopolitical developments are making cargo transport more difficult in several parts of the world, increasing Georgia’s importance in connecting Europe and Asia.

“

In these conditions, the role of the Middle Corridor becomes strategic.