(Business in Cameroon) - The African Development Bank (AfDB) has agreed to disburse FCFA 15.811 billion for the embellishment of Yaounde town within the framework of a project, dubbed, (Pady 2). The Minister of the Economy, Planning and Regional Development, Emmanuel Nganou Djoumessi and the Resident Representative of the African Development Bank in Cameroon, Racine Kane signed the financing agreement in Yaounde on Wednesday September 11, 2013.

The overall cost of the project is evaluated at over FCFA 77.36 billion and other financiers include the French Development Agency and the World Fund For the Environment. Work is programmed to begin on January 1, 2014 and some 1.8 million Yaounde inhabitants, representing over 85 per cent of the city’s population, are expected to benefit directly from the project.

The project, reports say, will sub-contract with non-governmental organizations and some small and medium-size enterprises in the country to give Yaounde the necessary hygiene and sanitation needed of a country’s capital city. Its first phase gulped in over FCFA 19.22 billion and created over 755 direct and 1,075 indirect jobs.

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