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Italian Company Lucatelli Resumes CFA10bn Contract to Remove 50 Shipwrecks from Douala Port
Nov 28, 2024•over 1 year ago
Contract Type
contract
DoualaDescription
Lucatelli, an Italian company specializing in port works, has resumed its contract to remove 50 abandoned shipwrecks from the quay at Douala Port. The direct-award contract is worth over CFA10 billion and was initially signed in November 2021. The project, which had begun in March 2022, faced technical challenges leading to a pause, but the work has now resumed.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months