logoBC
Yaoundé - 26 April 2024 -
Transport

Japan releases FCfa 33 billion to start the 2nd phase of work on Yaoundé-Brazzaville corridor

Japan releases FCfa 33 billion to start the 2nd phase of work on Yaoundé-Brazzaville corridor
  • Comments   -   Saturday, 03 June 2017 08:20

(Business in Cameroon) - Louis Paul Motaze, Minister in charge of the Economy (MINEPAT), proceeded, on 31 May 2017 in Yaoundé, with the signature of exchange of notes which seals the mobilisation of FCfa 32.9 billion, from the government of Japan for the development of the Yaoundé-Brazzaville corridor (section Mintom-Lelé, with a length of 67 Km).

Through this concessional loan, indicated the MINEPAT, Japan wishes to show its desire to actively contribute to the socio-economic development of Cameroon. Especially since the project was on hold, awaiting additional funding to start the second phase which comes to complete the construction of this corridor, whose first part was handed over at the beginning of 2017. For a total amount of 104.7 billion, the co-financing of the African Development Bank (FCfa 40.7 billion) in this project, was raised on 15 April 2016. That of the Development Bank of Central African States (20 billion) was on 22 December 2016. As well as that of Cameroon (13.9 billion).

"Above and beyond the fact that the said corridor will encourage trade between Cameroon and Congo, it should be highlighted that it will equally contribute to facilitating economic integration in CEMAC and to the economic development of Cameroon", declared Louis Paul Motaze. Who added that, this trunk road would improve projects already underway in agriculture and environmental sectors among others, and produce a synergetic effect in promoting rice production and sustainable development in the sub-region.

Sylvain Andzongo

amine-homman-ludiye-eneo-doesn-t-have-a-shortage-of-skills-problem-it-has-a-cash-problem
In less than ten months at the helm of Energy of Cameroon (Eneo), the Moroccan polytechnician has faced a number of crises against a backdrop of serious...
10-million-cameroonians-lived-on-less-than-1-80-per-day-in-2022-survey
The 5th Cameroonian Household Survey (ECam5), published by the National Institute of Statistics (INS) on April 24, revealed that nearly two in five...
noutchogouin-group-inaugurates-cfa5bn-animal-feed-production-plant-in-yaounde
Minister of Livestock, Fisheries, and Animal Industries (Minepia), Dr. Taïga, inaugurated a new modern and automated animal feed production plant in...
cameron-suspends-vessel-registrations-amid-ghost-ship-concerns-aims-for-digitization
Cameroonian Transport Minister Jean Ernest Massena Ngalle Bibehe issued a statement on April 22 announcing the suspension of registrations for vessels...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »