China gives a grant of 3 million USD to Cameroon
31 December 2010
Last Wednesday, China gave a package worth over three million dollars to Cameroon to finance a number of economic and technical cooperation projects.
"A gift with no strings attached", the newspaper La Nouvelle Tribune was told by Xue Jinwei, China's ambassador to Cameroon, when the agreement was signed in Yaoundé.
He explained that the gifts will contribute to financing a number of infrastructure projects, such as the hydroelectric power stations of Lom Pangar, Memve’le and Mekin, social housing and the deep-water port of Kribi.
Cameroon's minister for the Economy, Louis Paul Motaze, explained that this gift is the concretisation of the resolutions taken at the Forum on Sino-African co-operation in November 2009 in Egypt.
Last Wednesday, Cameroon also received a loan of 29 million dollars from the World Bank for a project to supply drinking water in Yaoundé, reports the newspaper Cameroon Tribune.
A new purification plant will be built on the river Nyong near the Akomnyada pumping station.