Loan of 75 B FCFA granted for the Edéa-Kribi, Lolabé – Campo – roads

Posted on 21.09.2022 at 09:01 by Nana Kamsu Kom

The Minister of Economy, Alamine Ousmane Mey, and the Director General of the African Development Bank for Central Africa, Serge N’Guessan, signed on September 20 in Yaoundé, a loan agreement of 75 billion F, intended to finance the first phase of the project to develop roads to open up the industrial and port area of ​​Kribi.

This phase, explained the Minister of Economy, aims to open up the deep-water port of Kribi through the rehabilitation of the Edéa-Kribi road and the construction of a 39 km expressway between Lolabe and Campo. Phase II will consist of building and equipping economic and social infrastructure for the benefit of the populations in the area of ​​influence.

Ultimately, we learn, this project will enable Cameroon to optimize the operation of the Kribi industrial and port complex and promote regional integration in Central Africa, especially since the country is a transit zone. More specifically, the project will create permanent road links to improve the accessibility and connectivity of the industrial complex and the port of Kribi; reduce overall transport time and costs nationally and regionally; and improve the living conditions of women and men in the project area of ​​influence.

To complete the construction of the Port in seven years, an overall budget of 140 billion F has been agreed, co-financed by the AfDB and the state counterpart. The AfDB’s share amounts to 100.9 billion, mobilized through two loan agreements.

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