AfDB Grants Cameroon €74.4m Loan to Build Bridge to Equatorial Guinea.

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The Board of Directors of the African Development Bank Group has authorized a financial support loan of EUR 73.44 million to Cameroon to construct a bridge over the River Ntem which forms a natural boundary with Equatorial Guinea. The financial support consists of two separate loans: the first, of EUR 48.96 million, from the African Development Bank, and the second, of EUR 24.48 million, from the African Development Fund, the Bank Group’s concessional loans window.

The bridge construction is a component of the Regional Trade and Transport Facilitation Project for the economic corridor between Cameroon, Equatorial Guinea, and Gabon. The new bridge will link Campo, in Cameroon to Rio Campo, in Equatorial Guinea, and improve the service level for the transport logistics chain along the corridor between Yaounde, Bata, and Libreville. 

It will also contribute to the emergence of an industrial-port activities hub between the deep-water port in Kribi (Cameroon) and its counterpart in Bata (Equatorial Guinea).

Practically, the project will contribute to increasing the volume of trade between the two countries; reducing travel time, shipping, and transport costs along the Yaoundé-Bata-Libreville multinational corridor; creating favorable conditions for promoting an industrial-port activities hub in the same area, and improving the living conditions of various populations, including women, young people and vulnerable groups in its area of influence.

The project is expected to be implemented in December 2023 and completed in November 2028.

“The African Development Bank is the leading partner for transport infrastructure development in Central Africa, in general, and Cameroon, in particular. The support provided by our institution aims, among other things, to expand and maintain existing road networks in countries in the sub-region and to accelerate regional integration,” declared Serge N’Guessan, the Bank’s Director General for Central Africa and head of its Country Office in Cameroon.

Among other things, implementing this programme will enable the refurbishment of the section of road between Edéa and Kribi, create an express route between Kribi and Campo, build several pieces of socioeconomic infrastructure for neighboring populations, and contribute to the implementation of the Socioeconomic Support Programme (PASEK) instigated by the PAK.

 

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