Cameroon contracts faces financing problems

A major highway project in Cameroon faces funding issues as China has suspended its financing for the Yaoundé - Douala link. The highway has an estimated cost of US$473.3 million and the project includes a 68km link between the country’s capital and its second city, as well as an additional 23km of link roads. The link is being built by China First Highway Engineering (Cfhec) with funding by Eximbank. However a disagreement between Cameroon and the Chinese has resulted in the funding being halted for a peri
May 25, 2017 Read time: 2 mins

A major highway project in Cameroon faces funding issues as China has suspended its financing for the Yaoundé - Douala link. The highway has an estimated cost of US$473.3 million and the project includes a 68km link between the country’s capital and its second city, as well as an additional 23km of link roads. The link is being built by China First Highway Engineering (Cfhec) with funding by Eximbank. However a disagreement between Cameroon and the Chinese has resulted in the funding being halted for a period of month, with the potential of time extensions to this. Part of the problem is that the Cameroon authorities opted to increase the speed limit on the highway from 100km/h planned by the Chinese designers to 110km/h in line with French speed limits. It is not clear how this dispute can be resolved at this stage.

Road Structures Finance & Funding

Related Content

  • New bridges for Belgrade
    February 27, 2012
    Work is now underway in Serbia to build a new bridge over the Danube River.
    Read More
  • Mongolia intends to invest in expanding its road network
    April 10, 2012
    The Mongolian Government intends to boost investment in the country’s road network, part of a move to improve access in major towns and cities as well as connect outlying areas. With development of Mongolia’s mineral resources set to expand, new road links will be crucial to its economic future. The government has given approval for the construction of bridges and roads. This also includes repairing 35km of roads and building 25km of paved roads will be built in capital Ulaanbaatar.
    Read More
  • China plans to boost use of electric vehicles
    December 6, 2012
    The authorities in China are keen for increased use of electric vehicles as part of a plan to reduce pollution in major cities, and as part of a wider programme aimed at lowering the environmental impact from mobility. Fuel costs are comparatively high in China, further encouraging drivers to switch to electric vehicles, at least for urban trips. And electric-assist bicycles as well as scooters are already popular in Chinese cities, highlighting the strong potential market for electric cars in the country.
    Read More
  • Strong attendance points to a successful bauma China show
    December 17, 2014
    Even heavy rain showers on the first day of the bauma China exhibition in Shanghai did not dissuade the crowds packing the outside exhibition areas - Mike Woof writes Those firms exhibiting at bauma China 2014 in Shanghai benefited from a strong show that attracted a record attendance of 191,000, an increase of 6% over the 2012 event. A wide array of new equipment was on show from the 3,104 firms exhibiting, an increase of 14% from 2012. There was a strong focus on technology and new engines required for
    Read More

Highlighted Content