logoBC
Yaoundé - 25 February 2024 -
Public management

Cameroon seeks a CFA23 billion Indian loan for a water project in Yaoundé

Cameroon seeks a CFA23 billion Indian loan for a water project in Yaoundé
  • Comments   -   Monday, 05 September 2022 16:36

(Business in Cameroon) - The Cameroonian government announced it is seeking $35.16 million, or a little more than CFA23 billion, from Eximbank India to renew Yaoundé's water distribution system. The information was reported in a recent note by the Minister of Economy, Alamine Ousmane Mey.

The project will allow the supply and installation of 348 km of tertiary network, we learned. In his letter, the member of the government indicated that, in addition to the extension of the network from the Sanaga River, this project will also allow the creation of 29,248 individual connections. A commercial contract worth $41,337,527 (CFA27.12 billion, according to the current exchange rate) was signed on June 14, 2022, with the Indian company WPIL Limited for the implementation of the said project.

This new initiative is an extension of the project to supply drinking water to Yaoundé from the Sanaga (Paepys), which is expected to be completed by the end of 2022. Paepys consists of the construction of a new production station on the Sanaga River in Batschenga (Central Region) and the construction of pipes for distribution. It will enable an additional daily production of 300,000 m3/d that can be extended to 400,000 m3/d. The Minister of Water and Energy, Gaston Eloundou Essomba, said it will help close the drinking water supply gap in Yaoundé and its surroundings.

However, the Minister stressed that due to the current configuration of the capital's distribution network, the project will not benefit certain people. Hence the need to reconfigure the network and adapt it to the new production infrastructure.

Apart from Yaoundé, the Indian company WPIL signed in 2018, a contract for the design, rehabilitation, and construction of drinking water supply systems in 20 Cameroonian cities. This deal, which is to be implemented in the Central, Littoral, West, North-West, South-West, and South regions, is valued at CFA34 billion, according to the Ministry of Water and Energy.

S.A.

cameroon-s-minister-of-energy-asks-for-patience-over-power-cuts-until-march-2024
For over two months, households and businesses across seven of Cameroon's ten regions connected to the Southern Interconnected Grid (RIS) have been...
cameroon-waives-import-duty-on-190-000-tons-of-rice-from-india-to-combat-rising-prices
To facilitate the import of 190,000 tons of rice from India in March and April 2024, the Cameroon Government has offered a special incentive to importers...
china-remained-cameroon-s-leading-supplier-in-2022-despite-minor-market-share-dip
The National Institute of Statistics recently issued a statement, providing data on Cameroon’s trade exchanges in 2022. According to the document,...
cameroon-s-lng-earnings-soar-by-148-8-in-2022-ins
Cameroon experienced a "spectacular" surge in revenues from liquefied natural gas (LNG) exports in 2022, data from the national stats agency INS showed....

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 »