Hi(WebSpyda)
No I have not been there,but I can read reports about the rail route and see from maps of the land.
You say the Chinese have a problem about finance.
The Entrepreneur May 12th 2008.
Companies from China,Canada,and Europe have expressed interest in investing in the building of a $655 million multi-purpose deep seaport in South Cameroon that will serve major mineral export projects,the government said.The plan for the port located at Grand Batanga,10 kl south of Kribi,was presented to potential investore at a two day meeting that ended Friday in the capital Yaounde.The project would consist of four terminals- for containers-oil products,iron ore and aluminium.
Cameroon's Economy,planning and regional Development Minister Louis Paul Motaze told Reuters late on Friday that a Chinese company,China Harbour Engineering Co.(CHEC),had shown interest in taking on the entire project.
Other companies from Canada,Europe and Africa were interested in buying stakes in the port project,whose initial cost was estimated at 282 billion CFA ($655million)
He went on to say the investors were insisting on build,operate and transfer(BOT)arrangements for the project.They are very willing,ready and determined to invest in this project.
The proposed port project would be linked by road and rail to major iron ore,cobalt,nickel and bauxite mining projects under development in Cameroons's interior,Motaze said.
This included a proposed 490kl(300mile) railway line between the projected port and the Mbalam iron ore project,controlled by Australia's Sundance Resources.
When completed the projected port was also expected to serve as a major shipment point for tropical hard wood from South-Eastern Cameroon,Northern Gabon and Republic of Congo.
Regards
Westcott.
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