logoBC
Yaoundé - 13 April 2024 -
Public management

Cameroon plans CFA14bn for extensive road upgrades and maintenance in 2024

Cameroon plans CFA14bn for extensive road upgrades and maintenance in 2024
  • Comments   -   Friday, 16 February 2024 15:42

(Business in Cameroon) - The Cameroonian Ministry of Public Works (Mintp) announced the disbursement of CFA14 billion to develop and maintain 1,319 km of road in 2024. The resources will be managed by decentralized territorial collectivities (CTDs), we learned.

According to detailed plans disclosed by the ministry, regional councils will be allocated CFA2 billion, with each of the country's ten regions receiving CFA200 million. This fund is intended for works spanning a combined distance of 119 kilometers. Moreover, the country's 360 municipalities are set to receive CFA12 billion, aimed at maintaining 1,200 km of roadways throughout 2024.

The financial support from the Mintp represents a critical lifeline for the CTDs, addressing one of the most pressing challenges in Cameroon's road maintenance sector: funding shortages. Despite the substantial needs of this sector, historical funding has fallen short of requirements. For instance, in 2022 and 2023, a little over CFA40 billion was available for road maintenance in each fiscal year. However, the actual needs, as estimated by the Ministry of Public Works, stood at around CFA800bn for 2022 alone.

air-peace-expands-service-with-new-route-from-abuja-to-yaounde
Nigerian airline Air Peace has expanded its operations in Cameroon with the opening of a new flight route from Abuja, Nigeria's capital, to Yaoundé, the...
cameroon-cuts-rice-prices-following-import-deal-with-india
The Cameroonian Ministry of Commerce announced yesterday a significant reduction in rice prices effective Friday. This price adjustment follows the...
cameroon-exported-657-3-tons-of-palm-oil-in-2022-despite-production-shortfall
Cameroon, grappling with a chronic shortage of palm oil production, exported 657.3 tons of the commodity in 2022. This export generated about 713.6...
cameroon-s-trade-deficit-worsens-over-six-years-despite-import-substitution-efforts
Cameroon’s trade deficit has significantly worsened from 2017 to 2022, totaling a loss of CFA256 billion over the six-year period, according to the...

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 »