Transport & Logistics
TIL pays €37m to secure the Douala container terminal

TIL pays €37m to secure the Douala container terminal

This amount covers the entry fee paid by the subsidiary of Mediterranean Shipping Company (MSC) when it was selected as the preferred bidder for the operation and maintenance of the container port on 16 September.

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            ▪ TIL pays €37m to secure the Douala container terminal

▪ This amount covers the entry fee paid by the subsidiary of Mediterranean Shipping Company (MSC) when it was selected as the preferred bidder for the operation and maintenance of the container port on 16 September.

https://www.jeuneafriquebusinessplus.com/en/799053/til-pays-e37m-to-secure-the-douala-container-terminal/

17/09/2019 at 11h04, by Jeune Afrique Business+, updated 22/10/2019

Terminal Investment Limited (TIL), led by CEO Ammar Kanaan, was confirmed on 4 September as the successful candidate by the ad hoc Committee, chaired by Faustin Dingana, in charge of awarding the concession. The deal offers a guaranteed total of CFA francs 146.7bn ($246.12m) in discounted licence fees.

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