Finance

Bolloré-CMA CGM-CHEC consortium selected for the management of the Kribi Port container terminal

Thursday, 27 August 2015 21:53

A consortium formed by the groups Bolloré Africa Logistics, CMA CGM and China Harbour Engineering Corporation (CHEC) has been chosen for the management of the container terminal of the Kribi Port in Cameroon, according to a communiqué from the Cameroonian Prime Minister Philémon Yang published on 26 August.

The French-Chinese consortium will also be in charge of the expansion of the terminal, a project for which CHEC had already carried out the first phase of construction. The grouping won against Danish APM Terminals and Filipino International Container Terminal Services (ICTSI), who were also pre-qualified among the 10 candidates who had submitted their application.

Indeed, by end April, the ad hoc committee analysing offers and established by the Prime Minister, published a report in which it appeared that the Bolloré-CMA CGM-CHEC consortium submitted the best financial proposal (623.4 million Euros), followed by ICTSI (467.3 million Euros) and APM Terminals (403.6 million Euros).

Let us recall that a first invitation for tenders for the management of the container terminal in Kribi launched in June 2008 was declared unsuccessful on 15 January 2014 by the Prime Minister Philemon Yang. The second invitation for tenders was launched on 3 February 2015.

On the same topic
• Gabon disputes CCC rating, cites reforms and April election.• Fitch flags high debt and deficits, despite recent relief steps.• IMF deal eyed for 2026,...
• Ethiopia seeks $5B for UN development plan by 2030.• $6.5B deal signed, $1.5B already secured for SDGs and resilience.• Challenges...
• Gabon lost $1.75 bn in tax exemptions over three years.• New exemptions suspended, audit and reforms underway.• Import tax relief targets food and...
• Nsia Banque to launch securitizations in 5 West African countries to fund SMEs• Securitization frees credit by converting receivables into securities•...
Most Read
01

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
02

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...

Six African Countries Rank Among Top Economies in 2025
03

Ucamwal plans three new funds in Côte d’Ivoire, including Halal and women-focused options Two...

United Capital to launch Islamic and women-focused funds in Côte d’Ivoire
04

Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Afric...

Global Peace Index 2025: Mauritius Leads Africa, Again
05

• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...

Deepfake Threat Becomes Alarming in Africa as AI Advances Faster Than Laws
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.