CMA CGM, Bolloré and CHEC Win Kribi Container Terminal Concession for 25 Years

A consortium formed by CMA CGM, Bolloré and CHEC won the bid, initiated by the Cameroon government, for the Kribi terminal concession for a period of 25 years.

Following the bidding procedure initiated by the Cameroonian government, the consortium formed by French companies CMA CGM and Bolloré as well as Chinese company CHEC (China Harbour Engineering Company) won the 25 years concession for the Kribi container terminal.

Vessels up to 8,000 TEUs capacity from the consortium companies will be able to use the 1.4m TEU capacity container terminal. With an initial 350 m length wharf due to be operational within a few months, when finished it is expected the terminal will be composed of a 700 m length wharf and a 32 ha platform made for 16 m draught.

Farid T.Salem, CMA CGM Group Executive Officer said, “We would like to thank theGovernment of Cameroon for the transparent selection of our offer, which provided the best financial and technical guarantees. CMA CGM and its partners will make Kribi containers terminal an international terminal which will bring dynamism to the Cameroonian economy. With this new terminal, Cameroon will be at the heart of international trade”.