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Trump nominates figure rejected by Georgian government for Anaklia port investment in favor of CCP-linked company

27 დეკ 202413:24
3 წუთის საკითხავი
 
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On December 22, U.S. President-elect Donald Trump nominated billionaire investor Stephen Feinberg for the position of Deputy Secretary of Defense.
Feinberg is the founder and co-CEO of Cerberus Capital Management LP, a private equity firm. During Trump’s first administration from 2017 to 2021, Feinberg served on the advisory board for intelligence matters.

If confirmed, Feinberg will become the second-highest-ranking official in the Pentagon under Pete Hegseth, Trump's nominee for Secretary of Defense. Congressional hearings for their appointments are expected to take place in the coming weeks.

Feinberg's nomination has drawn attention in Georgia due to Cerberus Capital Management's past interest in investing in the Anaklia Deep Sea Port project. The Georgian Dream-led government and the Anaklia Development Consortium terminated their agreement in late 2019, effectively shutting out potential investors, including Cerberus.

The move was instead followed by the Georgian Government selecting a China Communications Construction Company Limited (CCCC) as the private partner for the Anaklia Deep Sea Port project. The company had previously been embroiled in various controversies, including a ban by the World Bank from 2011 to 2017 due to corruption allegations.

Crucially, the U.S. Department of Defense has listed CCCC as a "Communist Chinese military company," leading to certain investment prohibitions.
Despite these concerns, the Georgian government has proceeded with CCCC's involvement in the Anaklia port project, emphasizing the strategic importance of the development and the role of Chinese partnerships in its execution.


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