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Cameroon consortium KPMO to invest over 1500 billion FCFA to exploit the mineral platform of the Kribi port

According to officials of Kribi Port Multiple Operators, talks have been initiated with the government for the realization of this project. 2807 million dollars (1568 billion FCFA), this is the colossal amount that the Cameroonian consortium Kribi Port Multiple Operators (KPMO) proposes to invest to exploit and develop the platform for the export of minerals from the industrial-port complex of Kribi , in the South region.

An ambitious project which requires the prior approval of the Cameroonian government. To this end, the managers of KPMO have taken firm steps with the public authorities. Gabriel Manimben, Chairman of the Board of Directors of KPMO, was received for this purpose on August 26, 2020 by Jean Ernest Massena Ngalle Bibehe, Minister of Transport.

“The Cameroonian consortium wishes to benefit from the anointing of the public authorities and the support of the Cameroonian government to deploy,” EcoMatin newspaper of September 2, 2020 says.

The newspaper reports that, several grievances were presented by the officials of KPMO during this hearing, “the main one of which concerns the state guarantee, a sine qua non condition to interest KPMO’s technical and financial partners. in this gigantic project. The government umbrella will open the door for KPMO to calmly engage in talks and negotiations with donors and expertise, “we read.

Evicted a few months ago from the Multipurpose terminal of the Port Autonome de Kribi (PAK), KPMO no longer wants to make the same mistake. It is a question “this time of making all the arrangements so that what happened at the Polyvalent terminal can no longer happen to us”, Gabriel Manimben warns.

The consortium’s investment envisages the construction of an ore terminal includes the construction of 2 berths of 350 m each, with an evacuation capacity of more than 100 million tonnes of goods per year. KPMO is also planning the construction of a railway from the town of Avima, in the north-west of Congo-Brazzaville with a branch to Nabeba and Mbalam for the flow of minerals.