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Cameroon: After the Kribi port, is CHEC eyeing the Edea-Kribi-Lolabe railway?

Cameroon: After the Kribi port, is CHEC eyeing the Edea-Kribi-Lolabe railway?
  • Comments   -   Friday, 15 May 2015 03:01

(Business in Cameroon) - On May 6, 2015 in Yaounde, the Cameroonian government signed an MOU with CHECH out of China to conduct a feasibility study on the Edea-Kribi-Lolabe railway project which will service the Kribi deep water port which was built by CHEC in South Cameroon.

After building the first (container and multipurpose) terminals and other port-related infrastructure already presented as being the largest on the West African coast, CHEC is now not only poised to land the container terminal contract but also participated, alongside the Cameroonian government, in negotiating necessary financing (750 million dollars or around 375 billion FCFA) with Eximbank of China to build the second container terminal at the port of Kribi which is twice the size of the first port.

In the past, CHECH had applied for and landed the contract to dredge the Douala port’s channel for a total of 18.7 billion FCFA.

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