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Biya hands over the management of the Kribi port to the French

President Biya has reportedly end the drama which has been going on for 7 years and affecting the population and stakeholders interested in the management of the port of Kribi. Our sources in the nation's capital Yaounde has revealed that the head of state contrary to what Cameroonians were anticipating has offered the deal to Bolloré / CMA CGM consortium, CHEC.

CHEC was chosen following a tender issued in 2008 on the financing, construction and operation of the Port of Kribi. Bolloré Africa Logistics that partnered with CMA CGM, the third largest owner, and the Chinese company CHEC, who built the port of Kribi made a financial offer of 623 , 4 million euros (about 409 billion FCFA). A proposal that allowed the consortium to largely outpace its competitors such as the Philippine International Container Terminal Services which made a final bid of 467.3 million euros, or just over 306 billion FCFA and the Danish APM Terminals. 

The CHEC consortium had an ambitious plan on issues such as entry fees, fixed and variable concession fee, and in terms of guarantees to the port of Kribi to match the emergence ambitions of Cameroon. The French consortium Cameroon Concord has gathered may get involve in the extension of the terminal.The Franco-Chinese consortium could start work during the third quarter of 2015. President Biya has ordered the services of the Prime Minister to formalize operation and maintenance of the multipurpose terminal under the responsibility of the consortium of French and Cameroonian NECOTRANS grouped in Kribi.

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Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .

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