Business News of Thursday, 6 October 2016Source: Business in CameroonGov't back to initial option of building deep water port in NgemeCameroonian State back to initial option of building deep water port of Limbé in NgemeAfter announcing in August 2013 the relocation of the project for the construction of the deep water port of Limbé, from the Ngeme site to Isonge, the State of Cameroon has come back to the initial option, “after assessing several hypotheses”, reveals a report just made public by the National Port Authority (APN). At the time, the then-Minister of Economy, Emmanuel Nganou Djoumessi, had justified the relocation of this project by the narrowness of the Ngeme site, and above all, the costs linked to the payment of compensations. All these particularities of the Isonge site, whih were then presented as advantages for the implementation of the project, are finally brushed aside since, according to APN’s revelations, it is finally in Ngeme that the deep water port of Limbé will be built. As a reminder, it was on 1 November 2013 that the Cameroonian government signed an agreement with the Cameroonian-Korean consortium called Limbe Port Industrial Development Corporation (LIPID), for the construction of the deep water port of Limbé, in the South-West region of the country. This infrastructure, which should cost no less than FCfa 300 billion, according to updated estimates, should be delivered in 2018.

Source: CameroonWeb October 06, 2016 08:52 UTC