CAMEROON: TWO NEW SHAREHOLDERS FOR CAMRAIL
Article Abstract:
Camrail, the railroad operator which is controlled by the South African company Comazar and the French company Bollore, has a 20-year concession to operate 1,100 kilometres of railroad track between Douala and Yaounde, and between Yaounde and Ngaoundere. Camrail is going to increase its capital stock to FFr 60mn, it will have two new shareholders - the petroleum company Total, and the timber company Thnary. They are to take an 8% stake each. There is to be a second capital increase in 2001, bringing the capital stock to FFr 70mn. These two new shareholders are expected to enable Camrail to raise the money needed for its investment program. The company is going to invest FFr 420mn in the period from 1999 to 2004, of which FFr 267mn will come from sleeping partners. FFr 75mn has already been allocated to line renovation, and the company is also going to acquire telecommunications equipment and spare parts for the rolling stock. A second investment program is to be launched during the 2005-2010 period. Camrail expects to make a turnover of FFr 2mn in 2000, with positive earnings for the first time.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2000
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CAMEROON: CALL FOR TENDER FOR RAILTRACKS
Article Abstract:
CAMRAIL of Cameroon has called for tenders for 8,826 t railtracks. These are required in three phases, with bids allowed for one, two or all three deliveries. Bids for tender No. 002-I.OO ODA v.3 should be submitted to the procurement department at CAMRAIL, Doula, Cameroon, by 11 September 2001. There will be an exhibition at the Salon International de l'Entreprise, from 30 November 2001-8 December 2001 at the Palais des Congres in Yaounde, Cameroon.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2001
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Morocco: ONCF's invitation to tender
Article Abstract:
The Office National des Chemins de Fer (ONCF), the Moroccan National Railroad Office has issued an invitation to tender in order to receive price bids for carrying out an audit of equipment and installations of the establishment at the central office and traction. The deadline for bids is 10.00 am on 29 October 2001. Information may be obtained at the CFCE (French Foreign Trade Centre) in Paris from Awa Ndiaye telephone (33) 1 40 73 37 13.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2001
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