Lukong Pius Nyuylime
9 May 2008
For two days running beginning yesterday, stakeholders of the Kribi Deep Sea Port will direct their interest, and that is normal, on the socio-economic importance of the project.
At the opening ceremony yesterday, it was evident that no financier will accept to cough out a franc for the financing of the project without knowing properly what it will give. From the look of things, almost all donor organisations will develop interest on the project judging from the early reactions after the bird's eye presentation of the five members of government who mounted the rostrum at the Hilton.
"We are interested in infrastructure construction and based on our experience in sea port construction; we think that the Kribi Deep Sea Port is of interest to us", Xu Jifei, Senior Engineer and Deputy General Manager of the China National electric Equipment Corporation, said in one of the reactions. This statement seemed to have drawn inspiration from the five presentations of the five members of government; Minister of Finance, Essimi Menye, Minister of Public Works, Bernard Messengue Avom, Minister of Industries, Mines and Technological Development, Badel Ndanga Ndinga, Minister of Transport, Gounoko Haounaye and Minister of the Economy, Planning and Regional Development, Louis Paul Motaze.
The project which is estimated at CFA 280 billion is government initiated and dates as far back as the 1980s. It has as motivation to develop the country towards the exploitation of ore resources, notably bauxite, Iron, Cobalt and Nickel; satisfy the constant need of Cameroon to have a Deep Sea Port, the necessity for the sub-region to have a container off-shore terminal and a transhipment as well as goods distribution platform from Senegal to Namibia. The project equally sets out to realise a development corridor for Kribi (Cameroon), Bangui (Central African Republic), Kisangani (DR Congo), and the Equatorial Guinea, Gabon, Congo stretches.
The Kribi Deep Sea Port has two main traffics, merchandise, notably: industrial, container, timber, hydrocarbons and cereal traffics. The second traffic concerns ships and essentially vessel traffic. According to the technical studies of the project, the Kribi Deep Sea Port to be built at Grand batanga south of Kribi town, has an inherent profitability rate of 11.5 to 16.3 per cent.
The Minister of Public works' presentation yesterday underscored the importance of developing road project to enhance the activities of the Deep Sea Port. The major roads to be constructed or rehabilitated include: the Kribi-Yaounde-Ngaoundere-N'Djamena road, Kribi-Yaounde-Bertoua-Bangui, Kribi-Ebolowa-Sangmelima-Mintom-Ouesso-Brazzaville and Mintom-Nola-Bangui-Kisangani. Other supporting projects to be developed include: railways, energy, urban development, and rehabilitation of industrial areas.
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