Ann: Capital Raising and Project Update , page-33

Hi (rookieplayer)

Being in banking you obviously are in the right area to now what you are talking about.

My thoughts on it would be.The Cameroon Government will want (all)the ports to be started as soon as possible,they would have to be working at the same rate and progress.
There are so many things in projects like this that rely on other work to be up to scratch so they can finish part one so part two can be started and progressed.

We are talking.Roads,Rail,not just SDL rail line but other rail extensions coming into the rail system,Gas supply to the separate port facilities,Power supply for electric (Hydro)to each port facility,new water supply pipe lines.
Even things like shipping lanes and radar for ships,as we are going to see a lot more ships entering and leaving the one area of the four docking systems.

The Cameroon Government will not be happy if one port builder or project holder is having trouble getting finance shored up.

I would have thought the tender process would have had clauses in the contracts that guaranteed funding by a certain date so the whole project could start on time.
They are looking to start building at the end of 2009 early 2010.That was what was in the Cameroon Government time schedule.

Regards
Westcott.