New Douala bulk terminal advances
Afreximbank and APD-Cameroon are planning to build a new port terminal in Douala.
The €210 million (US$221 million) project will be an extension of the existing Port of Douala and will consist of two bulk berths to be numbered 53 and 54.
According to the term sheet, the proposed facility will be developed in two tranches, with the first one totalling €147 million (US$155 million), followed by subsequent funding to make up the remainder.
The Port of Douala is a key regional trade gateway for Central African countries and plays a strategic role in regional integration by serving as a natural port for landlocked countries like Chad and the Central African Republic.
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