FCFA 32.7b required for Kribi container terminal management

The Cameroonian government will pay a minimum of 32.7 billion CFA francs (50 million euros) for the container terminal at the deep sea port of Kribi under construction in the southern region of Cameroon.

The first deposit to be paid by the Treasury is a "variable annual fee" equivalent to at least 13 billion CFA francs (20 million euros), learned from authoritative sources.

The two companies and the group admitted to dialogue the pre-qualification for the award of the concession contract for the first container terminal of Kribi (the dealer will have to build a second), none has made ??a proposal below the amount required by the Cameroonian government, say our sources.

Indeed, we learn at the end of the call for expressions of interest, ICTSI Philippine companies, Danish APM Terminals and the Bolloré group-CHEC-CMA CGM, have the same financial proposal under ticket of entry. 39.3 billion CFA francs, or 60 million euros , however, we learn, hitch-Bolloré CHEC and CMA CGM recorded a first edge on the variable annual fee, offering 16.3 billion francs CFA, or 25 million euros, against 10 billion CFA francs (15 million euros) for APM Terminals.

The Philippine competitor has not surpassed 6.5 billion CFA francs (10 million euros) for the first five years of operation of the future container terminal at Kribi.

Once completed, the port Kribi deep-water port will be the largest infrastructure in Cameroon, and is already touted as the port that will have the greatest draft on the West African coast (16 meters).

With a total investment of 282 billion CFA francs, the deepwater port will be equipped with versatile terminals for iron, aluminum and oil.