During his visit in Douala on 19 October 2015, Cyrille Bolloré, president of Bolloré Transport Logistics, announced that the Bolloré group intended to finance the feasibility studies and construction works for the railway that extends from Ngaoundéré in the Northern part of Cameroon to Ndjamena, Chad’s capital city.
Previously selected as technical expert on this project by both governments, the Bolloré group until now was “providing support for the conducted studies ; helping in preparing project’s file for its presentation to investors ; arranging meetings with investors ; participating in talks and in the setting-up of institutional and financial structures”. Now however, the French logistics specialist wants to be an active part in this railway construction project for sub-regional integration.
In addition to the railway extending to Chad and estimated at a cost of 1,160-1,400 billion FCFA, the leader in logistics for Sub-Saharan Africa also eyes the Edéa-Kribi-Lolablé railway project. “We have told Cameroonian authorities we desire to finance the construction for the Edéa-Kribi-Lolablé railway as part of our contribution in the project for Kribi’s industrial-port complex,” Cyrille Bolloré says.
It should be reminded that Cameroon’s government, at the beginning of October 2015, designated a grouping of technical studies offices comprised of Spanish firm Ardanuy, Pakistanese Umar Munshi Associates, British CVG Engineering and Cameroonian Bonus Consulting to conduct feasibility studies for the project to build the Edéa-Kribi (Lolablé excluded) railway.
The Edéa-Kribi-Lolablé railway will help boost the exploitation of Kribi’s deep water port which should go online within the next months. During the phase 2 of its construction, the port of Kribi will host, among other new infrastructures, a hydrocarbon terminal and an iron ore terminal, in preparation of upcoming exploitation of gas liquefaction unit in Kribi, and that of iron ore mines in Eastern Cameroon.
Brice R. Mbodiam
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Afric...
Helium One Confirms Major Reserves in Tanzania as Global Demand Surges • Independent report confirms large helium reserves in Helium One’s Itumbula...
• Somalia launches “Centennial Vision 2060” to become a peaceful, inclusive, middle-income nation.• President Mohamud urges national unity to overcome...
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Nigeria. This marks a major step in its global expansion...
(CMOC)-CMOC Group announced today that it has successfully completed the acquisition of 100% equity in the Cangrejos Gold Project in Ecuador, marking a...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...
The Senegambian stone circles stand as one of the most remarkable archaeological legacies in West Africa, spread across parts of present-day Senegal and...