Cameroon is set to begin the construction of the 204 Km Olama-Kribi road project linking the capital city, Yaounde to port city, Kribi.
This comes after the Abu Dhabi Fund for Development (ADFD) approved a concessionary loan of$15 million for the project.
The Cameroonian Government aims to improve the country’s transport system. This project is expected to consolidate on the government’s plan and also aid in improving the economy.
The completion of this project will facilitate trade exchange, as well as the easy movement of people, vehicles, and goods across the two cities.
“ADFD is proud to work as a strategic partner with different governments to help achieve their development objectives with a focus on financing projects that improve infrastructure and drive sustainable economic growth,” Director-General of ADFD, Mohammed Saif Al Suwaidi said at the event.
The agreement was signed by Al Suwaidi and Iya Tidjani, Ambassador of Cameroon to Saudi Arabia. Deputy director-general of ADFD, Khalifa Al Qubaisi and Mebouegue Donancien, Consul of Cameroon in Dubai stood as witnesses.
Culled from www.gulftoday.ae