Project Name: Kribi Deep Sea Port Phase I Project -Cameroon

Host Country: Republic of Cameroon

Project Duration: June 2011 – June 2014

Project specification：

As the company's first large-scale EPC framework project in Cameroon, the Kribi Deep Sea Port Phase I Project, Cameroon obtained 85% of the funds from the double preferential loans of the China EXIM Bank and 15% as the supporting funds from the state of Cameroon. The project consists mainly of the design and construction of a 40000 DWT multi-purpose berth and a 50000 DWT container berth, a 1355m long water-break, dredging of port basin and channel, storage yard (land), port equipments, supporting facilities, and auxiliary buildings. The contract amount is worth 498 million US dollars (after changed to 568 million US dollars), and the contract period is 36 months. The project commenced on June 10th, 2011, and completed and accepted on schedule on June 10th, 2014. The project has achieved good economic and social benefits and winning the 2016-2017 Chinese National Quality Engineering Award.

On September 1st, 2014, a consortium formed with the CHEC, France Bolloré, and France CMA-CGM were formally granted the 25-year franchise right of container berth of the Kribi Deep Sea Port and officially put into operation in March 2018.

Characteristics and Significance of the Project：

As the first large-scale deep-sea port in Cameroon, the history of no deep-sea port in Cameroon ended after the Kribi Deep Sea Port Phase I Project - Cameroon was completed and put into operation, improving the shipping layout and infrastructure conditions in Cameroon. The port radiates Cameroon and some landlocked countries in Central Africa, providing important access to the sea for landlocked countries, promoting and driving the social and economic development of Cameroon and Central African countries, and becoming the largest container transit port and comprehensive hub port in Central Africa.

During the project, the CHEC overcame many challenges, such as dilapidated infrastructure, a long rainy season, and a high incidence of malaria and typhoid fever. CHEC adhered to localization through scientific management reasonable arrangement of construction, employing and training many local workers, which not only promoted local employment but also improved the labor skills of local workers. CHEC actively participated in l public social welfare, , drilled wells for the local communities, and maintained local public facilities many times. This established a good reputation and image, for the Chinese enterprises. Thus completing the project, and achieving a good harvest of economic and social benefits, unanimously praised by the international partners, the government of Cameroon and society.

The completion of the project has brought about the demand for transportation infrastructure such as logistics park infrastructure and expressway behind the port and brought opportunities for the CHEC to develop deeply the Cameroon market and the markets of surrounding countries. In the later stage, the CHEC successfully signed the contracts for the port dredging Expressway phase I project and the Kribi Deep Sea Port Phase II project and signed the Kribi Port Cooperation Operation Agreement to participate in the port investment and operation, laying a foundation for the CHEC to expand and strengthen the Cameroon market and realize the coordinated development of EPC general contracting and investment and operation.

The is the first large-scale deep-sea port project in Cameroon fully adopting Chinese standards. The completion of the project has played a role in the promotion and demonstration of the promotion of Chinese standards. This paves the way for the adoption of Chinese standards in subsequent projects, promoting the export of domestic materials and equipment, and contributing to the implementation of the national "Going global" strategy and the "the Belt and Road initiative".

The opening and operation of the container terminal of the Kribi Deep Sea Port have brought new opportunities for the economic development of Cameroon and its Kribi maritime metropolis. Thus, helping to promote the transformation and upgrading of the CHEC from "industrial" to "commercial", and a model project for Sino-French cooperation in developing the third country market.