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Construction

Cameroon terminates Elevo’s XAF48.2 bln road construction contract over work delay

Cameroon terminates Elevo’s XAF48.2 bln road construction contract over work delay
  • Comments   -   Monday, 14 October 2019 16:11

(Business in Cameroon) - On October 4, 2019, the Cameroonian minister of public works Emmanuel Nganou Djoumessi (photo), terminated Portuguese company Elevolution Engenharia (Elevo)’s contract for lot 2 of the construction of 380-km road Batschenga-Ntui-Yoko-Lena.

The Portuguese company was awarded the lot, 96.7 km long, between Ntui and Mankim for a little more than XAF48.2 billion. According to estimates by the ministry of civil works, two years after works started on this lot, only a little over 2% of the works, which should be delivered in 2020, has been completed.

The government plans to seize the guarantee Elevo provided to Zenith insurance in order to get back part of the XAF9 billion of initial deposit it gave the construction company.

BRM

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