On July 25, 2017, a consortium consisting of the French groups CMA CGM and Bolloré Transport & Logistics, as well as the Chinese group CHEC, held an official signing ceremony for the concession agreement of the new container terminal in Kribi, Cameroon.
Following an international call to tenders, the consortium was granted the funding and the operation of the Kribi Container Terminal, which they will manage for 25 years under a Public-Private partnership with the State of Cameroon.
Equipped with a 350-metre-wide, 16-metre-deep dock, the Kribi terminal can host ships of an 8,000 TEUs capacity. In phase 2, Kribi Containers Terminal will operate 11,000 TEUs vessels. It will have a 715-metre dock, 32 hectares of open ground, and the capacity to process 1.3 million TEUs.
CMA CGM said that the infrastructure and equipment comply with international standards. The latest dock and yard gantry cranes will be put into service in the coming weeks so that operations can get started rapidly.
Ideally located in Cameroon, a growing market, this terminal is a logistical hub, offering the Cameroonian supply chain a modern infrastructure, adapted to the new generation of ocean vessels and as well as allowing all of Western Africa to redirect containers toward countries of the Sub-Region. Port of Kribi is a considerable contribution to speeding up Cameroon’s economic and social development.
Kribi Containers Terminal will be backed by a solid shareholder base. CMA CGM ships more than 35% of containers from the West African Coast and operates over 30 terminals worldwide, Bolloré Transport & Logistics has been operating in Africa and Cameroon for over 50 years, and the Chinese CHEC is highly active in infrastructure development in Cameroon. Private reference Cameroonian operators also want to support the project.
