ICTSI inks concession contract with Cameroon's Kribi terminal
MANILA's International Container Terminal Services, Inc (ICTSI) has signed a concession contract with the Port Autonome de Kribi (PAK) for the development, operation and maintenance of the Kribi Multipurpose Terminal (KMT) in Cameroon
MANILA's International Container Terminal Services, Inc (ICTSI) has signed a concession contract with the Port Autonome de Kribi (PAK) for the development, operation and maintenance of the Kribi Multipurpose Terminal (KMT) in Cameroon.
With the signing of the contract, KMT, a subsidiary of ICTSI, is now the official concessionaire of the multipurpose terminal for the next 25 years.
Hans-Ole Madsen, ICTSI senior vice president and regional head for Europe, Middle East and Africa, said: 'Our purpose as a company is to make the Port of Kribi a driver for positive and sustainable growth, thus ICTSI will work diligently to partner the Cameroonian business community by providing efficient and safe port services. Our services will act as a catalyst for Cameroons foreign trade and we will actively promote the Kribi Logistic Corridor - encompassing Cameroon, Chad, Central African Republic, Republic of Congo, Equatorial Guinea and Gabon - an area home to more than 50 million people.'
KMT is a newly built deep-water port located 150 kilometres south of Douala and is purposely built to handle multipurpose shipping services including roro, project and heavy lift cargo, forestry products, dry bulk and other general cargoes, and to offer support services to the oil and gas industry. KMT provides 16 metres of deep-water access and is equipped with state-of-the-art handling equipment including two mobile harbour cranes, providing an annual capacity of 1.5 million tonnes. KMT can accommodate the largest vessels plying the waters today.
ICTSI will further invest in KMT's infrastructure and superstructure, and by 2024 the port will double in size. The expansion will include additional modern handling equipment, storage facilities and modern IT platforms, according to a company statement.