logoBC
Yaoundé - 20 April 2024 -
Transport

CAMRAIL to acquire 30 railway cars

CAMRAIL to acquire 30 railway cars
  • Comments   -   Wednesday, 23 May 2018 13:23

(Business in Cameroon) - Camrail will acquire 25 railway cars constructed by the Franco-Korean company CIM-SSRT. This was revealed by an internal source at the interministerial committee on railway infrastructures (Comité interministériel des infrastructures ferroviaires-Comifer) after the last session held in Yaoundé on May 8, 2018.

The negotiations for the financing agreement are in progress and a mission delegated by the prime minister has just sojourned outside the country for that purpose”, an internal source at the Comifer revealed.

The source also revealed that Cameroon and Camrail are also negotiating the acquisition of five railway cars from the Swiss company Stadler.

These cars should help relaunch the high-speed train voyages between Yaoundé and Douala. It will also help reduce the transport time. Indeed, according to good sources, with the renovation of the railway between Douala and Yaoundé, the railway cars should cover the distances within two hours (40 minutes less than the Intercity which was suspended in 2016 after the Eseka tragedy).

Let’s remind that apart from these cars, Cameroon has ordered 4 railway locomotives for passenger transport and Camrail 5 for the transport of goods. These cars recently constructed by General Electric should be delivered once the invoice is paid but, for the time being, only 15%  of the amount stipulated in the agreement has been paid.

 “Despite the current circumstances, Camrail and Cameroon want to finalize the purchase in the most reasonable times”, our source told us.

Brice R. Mbodiam

api-signs-key-agreements-to-boost-investor-access-to-economic-zones
The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...
cameroun-repays-cfa39-8bn-debt-with-new-borrowings
On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...
cemac-raises-cfa4-336tn-in-2023-public-securities-cfa2-5tn-less-than-waemu
In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...
cameroon-minister-urges-african-restaurants-to-unite-on-geographic-indications
Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...

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 »