Anaklia Deep Water Seaport – On October 3, 2016, an BOT investment agreement was signed between the Government of Georgia and Anaklia Development Consortium Ltd. According to the 2018 Annual Financial Reporting of the Anaklia Seaport, the current value of the long-term assets is GEL 169,705,000. According to the IPSAS standard methodology the liability of the port of Anaklia is 169,705,000 GEL.
Shota Rustaveli Tbilisi International Airport – The project implies the lease, development, purchase of the necessary equipment and the construction of buildings of Tbilisi Airport by a private partner, TAV Urban Georgia. Until 2027, the private partner will fully manage and maintain the airport. From 2027 the airport will be completely transferred to the state possession free of charge.
The parties to the agreement are TAV Urban Georgia and the United Airports of Georgia Ltd. TAV Urban Georgia is responsible for the management and development of Tbilisi Airport, and the the United Airports of Georgia Ltd. is responsible to oversee and, within the competence, assist it.
The initial agreement entered into force on September 6, 2005. TAV built a new terminal and it started operating in February 2007.
Currently, the investments made by the operator include: construction of several terminals, arrangement of parking lots, rehabilitation of runway, track and platforms.
According to the audited report of TAV Urban Georgia Ltd., as of January 1, 2019, the asset “Airport Management Rights” is estimated at 194,298,000 GEL.
Batumi International Airport – According to the agreement signed between TAV Batumi Operations LLC and the Ministry of Economic Development of Georgia on August 9, 2007, 100% share of Batumi Airport Ltd was transferred to manage to TAV Batumi Operations LLC for 20 years. The project meets the criteria of public-private partnership. However, over the years, the operator has not made proper investments and has not created any new assets. The IPSAS 32 methodology does not identify the state’s obligation towards the operator company.