(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