Signing of a financing agreement between AFD and MINEPAT
The Ministry of Economy, Planning and Regional Development (MINEPAT) and the French Development Agency (AFD) signed a financing agreement of 70 million euros (45.9 billion FCFA ). The signing ceremony took place on March 2, 2016 in the presence of the Ambassador of France to Cameroon, Christine Robichon and Minister of Economy, Planning and Regional Development, Louis Paul Motaze.
The agreement provides funding for the first phase of development of the road of about 590 kilometers between Batchenga and N’gaoundéré, which will facilitate exchanges between northward and the rest of the country.
The overall project, co-financed by the African Development Bank, includes the rehabilitation of 120 kilometers of rural roads, rehabilitation of educational and social infrastructure, the construction of agricultural infrastructure and drilling as well as accompanying actions..
Funding from France, via AFD, is for the first stretch of road Batchenga / Ntui, a 21.3 kilometer stretch including the bridge over the Sanaga River, downstream from Nachtigal and 2.2 km of urban roads in Batchanga. The bridge, with a length of 400 meters, will allow the continuity of traffic and replace the current ferry.
The signing of this sovereign preferential loan involved the commitment of France to the
sustainable and inclusive development of Cameroon.