A consortium of CMA CGM Group, Bolloré Transport & Logistics and China-based CHEC has signed a concession agreement to operate the new Kribi container terminal in Cameroon.
The deal was signed following an international call to tenders, and has granted the consortium the funding and operation rights of the terminal for a period of 25 years.
The terminal will be managed under a public-private partnership with the Government of Cameroon.
Kribi terminal is equipped with a 350m-wide, 16m-deep dock, and is currently able to accommodate ships with 8,000 twenty-foot equivalent units (TEU) capacity.
The facility is expected to be able to handle 11,000TEU vessels following the completion of its second phase of development. It will also have a 715m dock, 32ha of open ground and a 1.3m TEU processing capability.
Kribi terminal’s new dock and yard gantry cranes are scheduled to be put into service in the coming weeks.
CMA CGM noted that the container terminal is offering modern infrastructure to the Cameroonian supply chain, with the capacity to handle next-generation ocean vessels.
It also allows the entirety of Western Africa the ability to redirect containers towards countries located in the sub-region.
The terminal is situated in the new Port of Kribi and will also complement the services offered by the Port of Douala in Cameroon.
Additionally, the facility is expected to create around 300 direct domestic jobs and will help to develop Cameroon’s economic and social sectors.
CMA CGM currently 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 more than 50 years, while CHEC is involved in various infrastructure development activities in Cameroon.