Concession contract inked for Kribi terminal
A new concession contract has been signed for the development, operation and maintenance of the Kribi Multipurpose Terminal (KMT) in Cameroon.
International Container Terminal Services, Inc. (ICTSI) has struck a deal with the Port Autonome de Kribi (PAK). KMT, a subsidiary of ICTSI, is now the official concessionaire of the multipurpose terminal for the next 25 years.
Hans-Ole Madsen, ICTSI Senior Vice President and Regional Head for Europe, Middle East and Africa, said: “ICTSI is very proud to partner with Cameroon and the Port of Kribi in the operation and development of the Kribi Multipurpose Terminal.”
Located 150km south of Douala, KMT has 16m of deep water access and is built to handle multipurpose shipping services including roro, project and heavy lift cargo, forestry products, dry bulk and other general cargoes, and to offer support services to the oil and gas industry.
Phase 1 consists of 265 + 63m of berth and a 10-hectare yard. Phase 2 will include an additional 350m of berth and 23 hectares of yard.
KMT is expected to be fully operational at the terminal within the next couple of months.
ICTSI said it will further invest in KMT's infrastructure and superstructure, and by 2024 the port will double in size. The expansion will include additional modern handling equipment, storage facilities and modern IT platforms.
Mr Madsen said ICTSI aims for the port services to act as a catalyst for Cameroons foreign trade. The company will actively promote the Kribi Logistic Corridor – encompassing Cameroon, Chad, Central African Republic, Republic of Congo, Equatorial Guinea and Gabon.
The Kribi container terminal is jointly operated by CMA CGM, Bolloré Transport & Logistics and the Chinese group CHEC as part of a 25-year public-private partnership with the State of Cameroon.
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