logoBC
Yaoundé - 25 April 2024 -
Infrastructures

The AfDB provides XAF26 billion grant for the construction of Logone bridge connecting Cameroon to Chad

The AfDB provides XAF26 billion grant for the construction of Logone bridge connecting Cameroon to Chad
  • Comments   -   Monday, 11 May 2020 11:43

(Business in Cameroon) - On April 30, in Abidjan, the Board of Directors of the African Development Bank (AfDB) approved a €40 million (XAF26.2 billion) grant for the construction of a bridge on the Logone River. This bridge will connect Yagoua (Cameroon) and Bongor (Chad).

In a report submitted by the project management team to the Bank's Board, it is indicated that the funds will be used to co-finance the construction of the bridge, the roads connecting to it, and the feasibility studies. Once completed, the bridge is expected to enhance bilateral and sub-regional integration as well as cross-border trades. It will also strengthen socio-cultural ties between the two countries.

"Specifically, the project aims to promote inter-state trade, particularly between Cameroon and Chad, reduce travel time and related transport costs, and improve access to basic services for people living in neighboring localities," the report notes.

The 620-metre-long infrastructure is the second of its kind to be built between the two countries, after the Nguéli Bridge, which connects the cities of Kousseri (Cameroon) and Ndjamena (Chad). The construction works, which will take 36 months, have been entrusted to the Razel Cameroun-Razel Fayat-Sotcocog consortium.

S.A.

cameroon-s-red-cocoa-nears-labeling-as-oapi-awaits-coloration-analysis
The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...
cameroon-poultry-expo-revives-focus-on-industry-transformation
The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...
beac-s-bond-auction-meets-success-in-inflation-combat-efforts
On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...
cameroun-delays-bond-sale-amid-regional-market-strain
The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...

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 »