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Cameroon Launches Procurement for CFA238 Billion Douala-Bangui Corridor Project
['Business In Cameroon', 'Economie', 'Banking', 'Energy', 'Comms', 'Media', 'Law', 'Insurance', 'Public Management']
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Cameroon has launched the procurement process for its share of the Douala-Bangui Economic Corridor Development Program (PACE-DB), marking the first operational step in a regional infrastructure initiative designed to improve trade between Cameroon and the Central African Republic.
The funding applies only to Cameroon's component of the project, which project documents value at $425 million.
It should not be confused with the overall regional program, whose total cost is estimated at $1.12 billion, or roughly CFA646 billion.
These obstacles increase the cost of goods shipped to the Central African Republic, slow trade flows and undermine Cameroon's logistics competitiveness.
For Cheick Kanté, a division director at the World Bank, the project goes beyond road rehabilitation.