Portek wins Gabon concession

It will operate the two multi-purpose ports of Port Owendo in Libreville, Gabon’s capital city, and Port Gentil, which is 160 km south of Libreville, in the centre of Gabon’s oil exploration and production zone.

The tender was awarded in the name of Gabon Port Management SA (GPM), Portek’s Gabon-based subsidiary, and was won in the face of competition from several other port management companies. The paid-up capital is expected to be S$6m, with initial investments of another S$3m. The company expects to finance further investments from internal cashflows.

GPM will be responsible for the management, maintenance and infrastructure of both ports. It will introduce IT systems for the various aspects of port operation and will install security systems, institute best practices and generally improve efficiency.