The State of Gabon has recently initiated an ambitious investment strategy to develop the infrastructure in the Libreville region. In order to speed up its implementation, preference was given to the private sector through public-private partnerships.
The Olam Group, already present in the agriculture sector with its palm oil plantations, participated in the industrial, logistical, and port infrastructure.
Bolloré Transport & Logistics, based in Gabon for over 70 years, actively participated in the economic and social development of the region by its presence in the logistics, port terminals and media sectors.
Development and operation of the Owendo multipurpose terminal
Through their respected affiliates, STCG and GSEZ Ports, Bolloré Transport & Logistics and Olam decided, with encouragement from the State to join forces to develop and operate Owendo’s multipurpose terminal. The terminal is designed to receive container vessels, general cargo and bulk.
STCG, which is already the concession holder of the existing container terminal, works in container operations in the new port, and GSEZ Ports handles general cargo, solid and liquid bulk.
A USD 300M investment in the new port will increase the capacity of Owendo’s multipurpose terminal, as well as meet the needs of the Gabonese economy for upcoming years.
The wharf length, the draught, and the equipment (two ship to shore gantry cranes and four container gantry cranes) bring the Owendo container terminal up to international port standards. It provides a competitive service to shipowners, importers, and exporters. Vessels reaching 6,000 TEUs are also handled in the productivity conditions required for ships of this size.
Long-term commitments for promoting the Gabonese economy
In addition, both partners are committed to following a competitive pricing policy aiming to reduce port transit costs on household foods and promote industrial and semi-industrial flows that are essential to the growth of the Gabonese economy.
Going forward, the Olam and Bolloré groups intend to reinforce their cooperation on the continent, especially in West Africa’s agricultural commodity market.