<p style="text-align: justify;">Jul 27, 2017: The consortium of Bolloré Transport & Logistics, the Chinese group CHEC and French ocean carrier CMA CGM have signed the concession agreement for the new container terminal in Kribi, Cameroon. Under the agreement, the consortium will manage the port for 25 years under a public-private partnership with the State of Cameroon.</p> <p style="text-align: justify;">Kribi Containers Terminal will be backed by a solid and complementary shareholder base: <a href="https://www.cma-cgm.com/" target="_blank" rel="noopener">CMA CGM</a>, which ships more than 35 per cent of containers from the West African Coast and operates over 30 terminals worldwide, <a href="http://www.bollore-transport-logistics.com/" target="_blank" rel="noopener">Bolloré Transport & Logistics</a>, which has been operating in Africa and Cameroon for over 50 years; the Chinese <a href="http://www.chec.bj.cn/" target="_blank" rel="noopener">CHEC</a>, a renowned builder that is highly active in infrastructure development in Cameroon, and private reference Cameroonian operators that want to support the project.</p> <p style="text-align: justify;">Today equipped with a 350-metre-wide, 16-metre-deep dock, the Kribi terminal can host ships of an 8,000 TEUs capacity. In phase 2, Kribi Containers Terminal will operate 11,000 TEUs vessels. It will have a 715-metre dock, 32 hectares of open ground, and the capacity to process 1.3 million TEUs.</p> <p style="text-align: justify;">The infrastructure and equipment comply with the best international standards. The latest dock and yard gantry cranes will be put into service in the coming weeks so that operations can get started rapidly.</p> <p style="text-align: justify;">Kribi is a strategic location to reach all of Africa’s Atlantic coast and Hinterland countries. Ideally located in Cameroon, a growing market, this terminal is a logistical hub, offering the Cameroonian supply chain a modern infrastructure, adapted to the new generation of ocean vessels and as well as allowing all of Western Africa to redirect containers toward countries of the Sub-Region.</p> <p style="text-align: justify;">With the new Port of Kribi, Cameroon now has a second portal hub to add to its network of infrastructures. It is a considerable contribution to speeding up Cameroon’s economic and social development.</p>