Govt secures 258 billion CFA franc from ADB for road project

The African Development Bank (ADB) group announced on November 27, 2014, their approval of funding of 258 billion francs Cfa for Cameroon. These funds will be used for the development of the Batschenga-Ntui-Yoko-Tibati – Ngaoundere road section, which stretches 598 km between the regions of the Centre and the Adamawa.

"This project is funded by the Bank through the two counters BAD and FAD group, for almost 105 billion and 10 billion CFA francs respectively. Other co-financiers are the French Development Agency (nearly 45 billion CFA francs) in parallel funding, the Development Bank of the Central Africa States (nearly 42 billion CFA francs), JICA (ACFA) for about 35 billion CFA francs, and the Republic of Cameroon (near 29 billion CFA francs) in joint funding," noted ADB release.

These road works will be carried out under the strategy of strengthening Cameroonian national road network, said the ADB, which will harness "the opening up of the basins of agricultural production compared to consumption areas causing the development of agricultural potential. It will therefore help promote the structural transformation of the economy of Cameroon.

In addition, this road axis which is the shortest route (200 km less) to connect southern and Northern Cameroon, parts is "one of the Cameroonian essential links to the facilitation of Interstate transport in Central Africa," by offering a new alternative transit route to Chad which is a landlocked country in the region. Hence their main supplies come from the Douala Port.