(EcoFinances) – Kribi Terminal Conteneurs (KCT), the joint venture formed by Bolloré, CMA CGM and CHEC to manage the container terminal at the Kribi Autonomous Port (PAK), signed a loan agreement in Douala on 26 July to provide FCFA 12 billion in financing for the second phase of PAK construction work.
The agreement was signed by the respective Managing Directors of SCB Cameroun and KCT, Alexandre Beziaud and David Azra, in the presence of delegations from the two companies, including KCT’s Accounting and Tax Manager, and from SCB, Madeleine Koum, Deputy Managing Director, and Viviane Mvondo, Director of the Corporate and Institutional Division and her teams.
According to the CEO of SCB Cameroun, « this financing of structuring projects is proof of SCB’s civic commitment, an expertise at the service of the future ». The CEO of KCT agrees.
Commissioned in March 2018, the container terminal at the Autonomous Port of Kribi has a 350-metre quay, with a capacity to handle ships of up to 11,000 TEUs. By 31 March 2022, KCT will control up to 53% of container traffic in Cameroon and its hinterland countries (CAR, Chad, Congo).