However, the African Development Bank, ADB, has agreed to support the government of Cameroon with FCFA 40 billion as part of the funding needed to execute the second phase of the project.
A ceremony to sign the partnership agreement took place Tuesday at the Ministry of Economy Planning and Regional Development, MINEPAT. Luis Paul Motaze, Minister, signed on behalf of Cameroon while the resident representative of ADB in Cameroon, Racine Kane, did so for the bank.
The road that will connect the South region of Cameroon to the Congo frontiers, has an estimated length of 503 kilometres, 191 of which are on Cameroonian territory.
The rest of the money is expected to come from the Bank of Central African States, BEAC and Japan International Cooperation Agency, JICA, which partnership agreements will be penned in the days ahead.
Kane said the project which is expected to kick off by the end of this year seeks to link Cameroon (through the South region) to Brazzaville in Congo.
To him, not only will the multinational road project reinforce sub-regional cooperation, it will also help in leveraging the livelihoods of the populations situated along the road corridor. Kane urged government to do its possible best to ensure that the project, which is also expected to cover minor works not done in the first phase, is executed as ADB directives.
Motaze not only referred to the ADB as a dependable partner but lauded the bank, saying it has always supported Cameroon in its development drive.
Apart from opening up the large food production basin of Dja-et-Lobo division of the South region, Motaze said the project will enhance Cameroon’s economic competitiveness by reducing transport costs while furthering economic cooperation between the two central African states.
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