logoBC
Yaoundé - 26 February 2024 -
Public management

Cameroon plans to allocate CFA508bn to roadworks in 2024

Cameroon plans to allocate CFA508bn to roadworks in 2024
  • Comments   -   Tuesday, 05 December 2023 18:54

(Business in Cameroon) - The Minister of Public Works, Emmanuel Nganou Djoumessi, suggests a budget of CFA569.1 billion for 2024, up from the CFA491.4 billion this year.  As part of this draft budget, the government official intends to allocate CFA508.7 billion to investment, we learn. This represents an increase of CFA76.2 billion (+18%) compared with CFA432.5 billion CFA francs in 2023.

For the member of Government, this increase is driven by external resources, which amount to CFA290.6 billion, up 12%, and domestic resources, which reach CFA218.1 billion, up 27% per annum.

If adopted by parliament, this budget will enable the continuation of ongoing roadworks and the construction and rehabilitation of new roads. Projects expected to commence in 2024, according to the Ministry of Public Works, include the Lolabe Expressway (Port of Kribi)-Campo (39 km), the Bangem-Nguti road (65 km), the bypass road in the city of Batouri, and the bridge over the Ntem River between Rio Campo in Equatorial Guinea and Campo in Cameroon.

"At the end of 2024, the delivery is expected to include 869.8 km of new asphalt roads, 869.23 meters of large-scale constructed structures, 22.98 km of rehabilitated asphalt roads, 720 meters of rehabilitated large-scale art structures, 504 km of maintained asphalt roads, and 2561.32 km of maintained dirt roads," explains the Minister of Public Works.

Alongside this investment allocation, CFA60.4 billion of the budget requested by the Minister of Public Works for 2024 is expected to be allocated to operations, with CFA45 billion for the Road Fund and CFA15.4 billion for current expenses.

The projects to be undertaken with this budget aim to increase Cameroon's road network, which currently stands at 121,873.93 km compared to 55,000 km in 2010, representing an increase of over 121% in 13 years.

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 »