Minister: The State has waived the penal sum of the Anaklia Development Consortium in the amount of more than $ 11 million

The State has waived the penal sum of the Anaklia Development Consortium in the amount of more than $ 11 million, Natia Turnava, Minister of Economy and Sustainable Development, said in Parliament on Friday.

According to the minister, the support of the state is confirmed by various benefits, including flexible terms.

“The summer of 2017 was the first deadline for the Anaklia Development Consortium to start its work. Since that time, the government has several time took into consideration the request of the investor and delayed the deadline. The State has waived the penal sum of the investor in the amount of more than $ 11 million due to violation of deadlines. But it’s not of utmost importance, implementation of the important is the most important thing, ” the Minister said.