Switzerland’s Terminal Investment Limited (TIL) has won the contract to renovate and manage Cameroon’s main Douala port container terminal beginning January 2020.
The information is contained in a press statement signed on Monday 16th September 2019 by the Director General of Cameroon Ports Authority Cyrus Ngo’o.
Mr Cyrus Ngo’o, stated that TIL had been provisionally designated the winning bidder adding that discussions to finalise a contract allowing TIL to take control of the port from 1st January 2020 will soon be completed.
Switzerland’s Terminal Investment Limited (TIL) takes over management of the Douala Port Container Terminal from the Bollore group which has managed the sector since 2005.
Bollore lost to TIL on 8th January when a list of bidding companies for the management of the container terminal was published without the company’s name.
The five companies preselected following the international invitation to tender launched on 12th January 2018 were;
# Marseille-based (France) CMA Terminals
# Emirati Dubaï Port World
# Hutchison Port Investments Ltd registered in the Cayman Islands,
# Saudi Red Sea Gateway Terminal and
# Terminal Investment Ltd headquartered in Geneva, Switzerland
Geneva-based TIL has ownership stakes in 36 operating terminals across five continents, including in the West African countries of Togo and Côte d’Ivoire.
The Douala Port is the exit point for Cameroon’s exports like cocoa, oil and timber.
It has been managed by Bollore, but the French company was eliminated earlier in the bidding process.
Bruno Ndonwie Funwie