Ann: Capital Raising and Project Update , page-53

Hi (rookieplayer)

Sundance or its subsidiary CamIron won the auction.

After CamIron won the right the next steps were.
Development of the Port Master Plan to accommodate the traffic and operational requirements of each of the selected operators; award of concession agreements
development of technical documentation; arranging of funding,target date being September 2009,(Source:Creamer Media/Metal Bulletin/Mineweb 13/01/09;

The project will be executed based on a public-private sector Partnership (PPP).The public partner will be financing the construction of the basic port infrastructure while the private sector partner will finance the superstructure and the equipment.

Companies from China,Canada and Europe have expressed interest in investing in the building of a US$655 million multi purpose deep seaport in South Cameroon.

Cameroons Economy,Planning and Regional Development Minister Louis Paul Motaze noted a Chinese Company,China Harbour Engineering Co.(CHEC) had shown interest in taking on the entire project.Other companies from Canada,Europe and South Africa were interested in buying stakes in the port project whose initial cost was estimated at US$655 million.
He added the interested investors were insisting on build operate and transfer (BOT) arrangement for the project.

On another note.
A Korean led consortium to construct 1,500 km of new railways in The Republic of the Congo.Led by POSCO,reported to cost US$3 billion.This was 11/10/2007.I have reported on this before.Just a reminder.

Government Ministers unravels the deep Sea Port Project 09/05/2008.
In part said. Beyond the port,Minister Bernard Messengue Avom of Public Works and his colleague of transport Gounoukou Haounaye,See a vast network of roads and railway lines stretching into the hinterlands and landlocked neighboring countries.

I think that is enough for now.

Regards
Westcott.