With the signing of the contract, KMT, a subsidiary of ICTSI, is now the official concessionaire of the multipurpose terminal for the next 25 years.
KMT is a newly built deep-water port located 150 kilometers south of Douala. Phase 1 consists of 265 + 63 meters of berth and a 10-hectare yard. Phase 2 will include an additional 350 meters of berth and 23 hectares of yard.
KMT is built to handle multipurpose shipping services including roro, project and heavy lift cargo, forestry products, dry bulk and other general cargoes, and to offer support services to the oil and gas industry.
KMT provides 16 meters of deep water access and is equipped with handling equipment including two mobile harbor cranes, providing an annual capacity of 1.5 million tons. KMT is capable of accommodating the largest vessels plying the waters today.
ICTSI will also further invest in KMT's infrastructure and superstructure, and by 2024 the port will double in size. The expansion will include additional modern handling equipment, storage facilities and modern IT platforms.
Mr. Madsen also stated ICTSI’s goal for the terminal:
Our services will act as a catalyst for Cameroons foreign trade and we will actively promote the Kribi Logistic Corridor – encompassing Cameroon, Chad, Central African Republic, Republic of Congo, Equatorial Guinea and Gabon – an area home to more than 50 million people