Ports of Kribi:
The concession agreement for the operation of the container terminal won by the Bolloré Ports, CMA CGM, and CHEC consortium
27 August 2015
The Bolloré Ports, CMA CGM, and CHEC consortium has just been declared the winner of the contract for the operation of the Kribi deepwater container port, following an international call for tenders launched by the State of Cameroon.
Cameroon is thus relying on a grouping which offers all the guarantees of a solid consortium from a strategic, financial and technical point of view. The concession agreement planned for an initial term of 20 years.
At a depth of 15m and with direct access to the ocean, the port of Kribi enables Cameroon to receive large vessels containing up to 8,000 containers. The Bolloré Ports, CMA-CGM, and CHEC consortium is going to handle the management of its container terminal, which has a 350m wharf constructed and equipped by the Chinese company, CHEC. These infrastructures will be completed in Phase 2 by an additional 700m wharf within a maximum five-year time period.
Philippe Labonne, Deputy CEO of Bolloré Transport & Logistics and CEO of Bolloré Ports
We are proud of the confidence placed by Cameroon in the Bolloré Ports/CMA CGM/CHEC consortium. With the new port of Kribi, Cameroon now has a second hub port at its disposal, which completes its infrastructure network. Our consortium, thanks to its maritime, port and logical know-how, is going to enable the Kribi port platform to play its role as a growth accelerator for Cameroon and the region
This first rate port infrastructure will irrigate the region with new logistical corridors, thanks to direct connections between the port of Kribi, the rail network, and the highway, true drivers of development. As hoped for by the Cameroonian authorities, Kribi will also be a port transshipment hub, supported by the third largest global ship-owner. Both a country and beyond that, a region, which will see their growth and development accelerate and take on new momentum.