Bollore Bags Contract for Kribi Container Port
France's Bollore-led consortium has been awarded the contract to develop and operate a container terminal in Cameroon's deep-water port of Kribi, says a report in Reuters.
Bollore's consortium included France's CMA CGM, the world's third-largest container shipper.
Earlier, CHEC was chosen following a tender issued in 2008 on the financing, construction and operation of the Port of Kribi.
Bolloré Africa Logistics that partnered with CMA CGM, the third largest owner, and the Chinese company CHEC, who built the port of Kribi made a financial offer of 623 , 4 million euros (about 409 billion FCFA).
A proposal that allowed the consortium to largely outpace its competitors such as the Philippine International Container Terminal Services which made a final bid of 467.3 million euros, or just over 306 billion FCFA and the Danish APM Terminals.