Chinese firm Poly Group Corporation to execute second phase of the Yaounde-Douala expressway project

The Chinese firm Poly Group Corporation will carry out the works for the second phase of the  project for the construction of a two-lane freeway between Yaoundé and Douala, the two main cities of Cameroon, the pro-government daily announced citing the management of this company headquartered in Beijing.

Contrary to the first phase, we learn from the same source, the works of the 2nd phase will be undertaken based on the Built-Operate-Transfer (BOT) model, through a public-private partnership to be signed between the State of Cameroon and Poly Group Corporation. In other words, the Chinese company will provide the necessary financing, will carry out the work, will manage the freeway for a certain period of time before returning the infrastructure to the Cameroonian State.

The Yaoundé-Douala freeway will be 215 km long. The works of the first phase, covering 80 km, were awarded to the company China First Highway Engineering Company Limited (CFHEC). Financing was provided by Exim Bank of China, who released FCfa 241.4 billion.

Share your views on this article
Concord Essen

Website: www.cameroon-concord.com Email This email address is being protected from spambots. You need JavaScript enabled to view it.

Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .

Newsletter

 

Get the latest news and information delivered directly to your inbox by subscribing to our news alerts.

ADVERTISE

X

Right Click

No right click

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…