Bolloré’s winning proposal to build a second container terminal at the Port of Abidjan in Ivory Coast violates the nation’s competition law, according to Jean-Louis Billon, the country’s minister of commerce, Bloomberg Businessweek reports.
Billon said that Bolloré’s subsidiary Bolloré Africa Logistics CI and partners should not have been allowed to participate in the bidding process because the French company already manages the port’s first terminal. The Bolloré-led project, part of a partnership with Bouygues and APM Terminals, would create a monopoly, he explained.
Bolloré made the “best offer” in a “transparent and rigorous” process, the company said in an e-mailed statement to a Businessweek reporter.
Bolloré beat bids from Mediterranean Shipping Co. and CMA CGM. It offered €122 million (about US$162.8 million) for the concession and $18.7 million in annual operating fees, and the plan is to build the terminal in a partnership with the government at a cost of about $600.3 million, the company said.