Georgia is one of the key members in international TRACECA programme due to its important geographical and political location. Since it is situated right in between of Europe and Asia, the country is supposed to become a busy transitional hub of a modern Silk Road in the near future. On March 11 of 2015, Georgian media declared that the Chinese and Georgian companies have reached an agreement in Beijing concerning the developing of the deep-water port at Anaklia, which existence is crucial for the TRACECA route. The port will be constructed on a plot of over 1,000 hectares and have access to a deep sea canyon. US-Based SSA Marine was later finally chosen to Invest in and Operate Container Terminal of Anaklia Deep Sea Port in Georgia by signing an agreement with Anaklia Development Consortium on 1 August 2017.