logoBC
Yaoundé - 29 March 2024 -
Infrastructures

CHEC appointed for the exploitation and maintenance of Kribi-Lolable expressway

CHEC appointed for the exploitation and maintenance of Kribi-Lolable expressway
  • Comments   -   Friday, 28 February 2020 14:13

(Business in Cameroon) - Chinese construction company CHEC, that built the 38.5-km Kribi-Lolable expressway connecting to Kribi deep seaport, will exploit and maintain the said expressway.

This is revealed in a release signed, on February 20, 2020, by Cameroon’s Minister of Public Works Emmanuel Nganou Djoumessi. In the release, the official indicates that in the framework of a public-private partnership, Cameroon attributed the designing, construction equipment, exploitation and maintenance of the Kribi-Lolablé expressway to CHEC.

This appointment should be much to CHEC’s delight. Indeed, the company that pre-funded Cameroon’s share in the construction to the tune of XAF38.6 billion has since been asking to participate in the management of the expressway.

The designation of the operator/ concessionaire in charge of the exploitation and management of the expressway was one of the conditions required to lift the suspension imposed, in June 2018, by Eximbank on the disbursements of funds in favor of the project.  

The construction of the infrastructures has, by the way, been relaunched, according to internal sources at the Autonomous Port of Kribi (PAK).

Started on January 1, 2015, Kribi-Lolable expressway is expected to be delivered on October 31, 2020, after a 28-month extension. According to the Ministry of Public Works, currently, the completion rate of the works is about 90%.

BRM

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

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 »