CDB pledges CFA 36 billion loan for Development Works of the Logistics Zone of the Kribi Port

In 2018, China Development Bank agreed in principle to provide a FCFA 36 billion loan for development works of the Logistics Zone of the Kribi Port in South Cameroon. Kribi Logistics Park is located in the south of Kribi, a coastal city in Cameroon's Southern Province, next to the Kribi Deepwater Port, with a total land area of about 455 hectares. The project aims to serve the Kribi deep-water port and the logistics distribution and port industrial area behind the port, relying on the Kribi Port and the free trade zone industry, to develop the two main service functions of bonded logistics and business logistics. According to the IMF, this loan is pending a compliance report. The Port Autonome de Kribi, or Port Authority of Kribi (PAK) is the project manager of this project (IMF). According to Business in Cameroon, PAK started operations in Cameroon in March of 2018. According to Xinhua Silk Road, China Harbour and Cameroon Kribi Port Authority signed a Investment Cooperation Framework Agreement on March 23, 2018. The terms of the agreement are unclear, as is the project status.

Additional details

1. The Chinese name of the Logistics Zone is "克里比物流园区". 2. The French project title is Zone logistique du port de Kribi: Travaux d'aménagement de la zone logistique du port.

Number of official sources

3

Number of total sources

6