Surprise as Kribi concession awarded to CMA CGM, Bolloré and CHEC

In a surprise move, the government of Cameroon has awarded a 25-year concession to operate the new Kribi Container Terminal to a consortium of French companies CMA CGM and Bolloré as well as China Harbour Engineering Company (CHEC).

This was unexpected because, in April 2015, the government removed this consortium from a shortlist of operators considered to manage the terminal, after advice from a government commission set up to recommend an operator.

According to Reuters, the report said: “The commission accepted the offers of International Container Terminal Services, Inc. (ICTSI) and APM Terminals (APMT) as being the most advantageous for Cameroon and the central African sub-region.”