A new berth is set to be constructed at a seaport in Poti on Georgia’s Black Sea coast. Georgian Dream officials and the U.S. chargé d’affaires inaugurated the project on June 25, shortly after the U.S. Embassy announced a second loan agreement worth USD 25 million with local company PACE Group to support its completion. The start of construction of the new berth marks the second phase of development of the so-called “New Sea Port of Poti,” which was opened in 2022, two years after the U.S. federal government supported the project with a USD 50 million loan issued through its Overseas Private Investment Corporation, later absorbed by the DFC. The planned expansion of the New Sea Port of Poti comes amid a growing focus on the Middle Corridor, where Georgia plays a key role in regional trade and transport connectivity.