Posted on February 1, 2016
Eximbank of China, the Chinese government’s extension in terms of foreign investments, informed the Minister of Economy, Louis Paul Motazé (photo), that it had approved a prime rate loan to the Cameroonian State, for the funding of the second phase works on the industrial-port complex of Kribi. This phase 2 also includes the construction of a second container terminal.
On 30 March 2016, the Cameroonian government requested from the Chinese investment bank loan agreements for a total of about FCfa 370 billion as part of this project. The Chinese discharge comes at a time when the commissioning of the deep water Kribi port, scheduled for 2nd quarter 2016, is looming closer.
At that date, two terminals built by the Chinese company China Harbour Engineering Corporation (CHEC), from Chinese financing, during the first phase of the project will become operational. These include the first container terminal, which will be operated by the Bolloré-CHEC-CMA CGM consortium, and the multipurpose terminal, whose concessionary contract was awarded to the group gathering Necotrans and the Cameroonian operators’ consortium KPMO.
