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CDB pledges CFA 36 billion loan for Development Works of the Logistics Zone of the Kribi Port
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Cameroon |
| Country | Cameroon |
| Start Date | Jan 01, 2018 |
| End Date | Apr 29, 2026 |
| Duration | 3,040 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 57462 |
Grant Description
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.
Staff Comments
- The Chinese name of the Logistics Zone is '克里比物流园区'.
- The French project title is Zone logistique du port de Kribi: Travaux d'aménagement de la zone logistique du port.
Sources & References
- Port portal for Sino-African pragmatic cooperation
- Port of Kribi : 31 companies authorized to settle in the logistics zone
- FOURTH REVIEW UNDER THE EXTENDED CREDIT FACILITY ARRANGEMENT AND REQUESTS FOR WAIVERS OF NONOBSERVANCE OF PERFORMANCE CRITERIA AND MODIFICATION OF PERFORMANCE CRITERIA—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR CAMEROON
- THIRD REVIEW UNDER THE EXTENDED CREDIT FACILITY ARRANGEMENT AND REQUESTS FOR A WAIVER OF NONOBSERVANCE OF A PERFORMANCE CRITERION AND MODIFICATION OF PERFORMANCE CRITERIA—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR CAMEROON
- The Hub Status and Transportation Network of Kribi Port
- 克里比物流园区建设项目-广州市南沙区人民政府门户网站 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Cameroon
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