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

  • Cameroon’s massive road expansion and tolled highway
    November 29, 2024
    Cameroon has seen a massive road expansion and will benefit from a new tolled highway.
    Read More
  • New US$200 million ring road to be built in Belarus capital Minsk
    May 23, 2014
    Minsk is to benefit from a new ring road that will cut city congestion - Eugene Gerden reports The government of Belarus is investing more than US$200 million in the building of a new ring road around the country’s capital Minsk, in accordance with a government decree. Implementation of the project is taking place as part of the existing large-scale state road building programme in the country until 2017, with the total cost estimated at US$5 billion. The new road will measure some 85km long and will feat
    Read More
  • US$1.5 billion Cameroon highway project
    October 14, 2024
    Work is underway on a US$1.5 billion Cameroon highway project.
    Read More
  • Chile highway link faces future issues
    January 24, 2017
    Chile’s busy Route 68 between capital Santiago and the country’s main port of Valparaiso faces an uncertain future. The 110km highway carries heavy traffic volumes and is close to its capacity of 4,500 vehicles/hour at peak periods, with extensive works required to improve the route. The work to upgrade Route 68 is expected to cost up to US$170 million, with eight sections of the highway in particular need of attention. The tender process for the upgrade work will open shortly. The Chilean Government opt
    Read More

Highlighted Content