Nectorans Group and the Kribi Port Multi Operators have won a multi-million Euro concession to operate and maintain the multi-purpose Kribi Port in Cameroon.
Cameroon Prime Minister and Head of Government Philemon Yang issued the notification on August 26 indicating that Nectorans and KPMO, a consortium consisting of nine local operators including forwarders, maintenance and maritime agents had won the concession.
According to a release, final details of the transaction are yet to be confirmed though speculation is rife the Nectorans and KPMO may get a 20-year concession, with a Euro26.2 million investment.
After a first phase of five years with an activity estimated at 1.4 million tons of freight per year from the second year, the second phase of 15 years foresees the provision of an adjacent quay measuring 350 metres and complementary facilities and equipment for an activity that will surpass 3 million tons per year.
The development follows a May 2014 tender by the government of Cameroon, seeking competent companies to run the Kribi port that is located 150 kilometres from Doaula.
‘The multipurpose terminal conceded by the Government of Cameroon will initially have a quay measuring 265 metres (with 2 berths) equipped with two cranes on rails and six truck mounted cranes’ the release indicates.
Nectorans Chairman Grégory Quérel was upbeat, saying the concession would spur economic development in the central Africa region.
 “We are particularly proud to have joined our colleagues from Cameroon in a win-win partnership, and to have gained the trust of the authorities in the country. Kribi is the only deep-water port in Central Africa, and as such is destined to become the economic driving force of Cameroon and the sub-region, especially Chad and Central Africa”, Quérel said.
The multipurpose terminal at Kribi will provide work for over 250 people and the main goods handled will include vehicles, timber, cotton, mineral ore and Oil & Gas equipment, together with the materials used for the construction of the industrial zone and the future power plant that will be right next to the Kribi port.
