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Yaoundé - 22 August 2018 -
Infrastructures

Cameroon signs three loan agreements for Logone Bridge and the rural electrification project

Cameroon signs three loan agreements for Logone Bridge and the rural electrification project
  • Comments   -   Friday, 25 May 2018 14:54

(Business in Cameroon) - On May 24, 2018, during the annual asembly of the African Development Bank (AfDB) in Busan (South Korea), Alamine Ousmane Mey, Cameroon’s minsiter of economy, signed three loan agreements worth CFA37.45 billion.

The first agreement (for a CFA21.86 billion loan signed with AfDB) will be used to partially fund the construction of a 620-meter bridge across Logone river. Still in the framework of this same project, which will be another official exchange point connecting Yagoua in Cameroon to Bongor in Chad, the minister signed the second agreement for a CFA7.79 billion loan with the African Development Fund (ADF).

The last agreement has been signed with the OPEC fund for international development. This CFA7.8 billion loan will be used for the second phase of the rural electrification project which aims to improve access to energy by providing electricity to102 localities.

S.A

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