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

  • Canadian highway deal
    March 2, 2012
    Plans are now being worked on in Canada to extend the key Highway 407 in Ontario.
    Read More
  • Lima's massive $2 billion airport project
    March 4, 2025
    Peru’s capital, Lima, is to benefit from a massive new international airport, which will be one of the largest in Latin America – Mike Woof writes
    Read More
  • Australia tunnel compensation package required?
    January 10, 2019
    The fallback option for a major road and tunnel project in Australia now includes the possible payment of compensation should construction delays hold back its opening. The potential compensation package is being planned by the Victoria State Government to Transurban for Melbourne’s massive US$4.73 billion (A$6.7 billion) West Gate Tunnel project. The size of the compensation fee remains as yet unannounced, although some estimates suggest it could be as high as $1.27 billion (A$1.8 billion). Transurban expe
    Read More
  • Tanzania road development projects being planned
    March 24, 2017
    A series of major road projects are now being planned in Tanzania, with funding sources for much of the work having been identified and secured. The largest of these is being delivered with a World Bank loan worth US$425 million, which will help pay for transport improvements in Tanzania’s capital, Dar es Salaam.
    Read More

Highlighted Content