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Georgian Cargo Transportation Growth Slows on Bulk Sea Freight

Jan. 23 (Bloomberg) -- Georgia’s cargo-transportation industry’s growth slowed in 2011 as the former Soviet republic’s ports handled less bulk freight.

Volume rose 1 percent to 48.9 million tons, slowing from an increase of 7 percent in 2010, the prime minister’s office said today in an e-mailed statement from the capital, Tbilisi. Total seaport handling fell 2.4 percent to 22.1 million tons, with the decline held back by a 32 percent gain in container numbers.

Road transport accounted for the largest share of the country’s freight shipments, gaining 1.1 percent to 28.8 million tons, the government said.

Transportation and communications accounted for 11 percent of Georgia’s third-quarter gross domestic product, which grew by an annual 7.5 percent, according to government statistics.

To contact the reporter on this story: Helena Bedwell in Tbilisi at hbedwell@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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