LIPID chooses floating terminal at the Limbé deep water port

In order to make the Limbé deep water port operational which is to be built in the South-West region, the Cameroon-Korean Limbe Port & Industrial Development (LIPID), “proposed to the Cameroonian government to start building a multifunctional floating jetty able to receive 20,000-tonne ships for which the cost is estimated to be around 35 million dollars (17.5 billion FCFA),” the government announced following a meeting held on January 15, 2015 in Yaoundé.

An investment of a total of 300 billion FCFA (602 million dollars), according to the latest Cameroonian government estimates, the deep water port of Limbé “will specialise in transporting heavy products such as hydrocarbons (the country’s only refinery is found in Limbé), containers and other agricultural products (several units developing thousands of hectares of banana, palm oil and rubber in Limbé).”