Switzerland’s Terminal Investment Limited will be responsible for the renovation and management of Douala port, Cameroon’s main port, beginning in 2020, according to Reuters.
The port’s director-general, Cyrus Ngo’o, stated that TIL is the winning bidder. From January 1 2020, discussions will be conducted to complete a contract that will enable TIL be the operator of the port.
Douala is located on the Atlantic coast and is Cameroon’s hot spot for cocoa, oil and timber exports.
From 2015, Douala port was operated by Bollore, the French company, who was excluded from the bidding process as it had to update its contract.
Geneva-based TIL has ownership stakes in 36 operating terminals across five continents, including in the West African countries of Togo and Ivory Coast.
Recently, Cameroon announced that they will supply armed guards, free of charge onboard vessels as long the vessels stay at anchorage at Douala port in light of the piracy incidents that take place.
