Kuwait Fund lends 8 million USD for road infrastructures in Cameroon
18 February 2011
The Kuwait Fund for Arab Economic Development (Fkdea) is to grant a loan in the value of 8 million dollars to Cameroon, in order to finance a road infrastructure project.
The loan agreement was signed on 16 February in Yaoundé. This finance will enable a stretch of 38 kilometers to be tarred between Bikoula and Djoum, in the South of the country.
It lies on the road running from Sangmelima, in the south of Cameroon, to the town of Ouesso, in the north of the Republic of the Congo.
This project will thus improve regional integration and economic development by facilitating the movement of goods and people.
"This road will enable farmers in Cameroon to export to Congo Brazzaville", it was explained yesterday by Louis Paul Motazé, Minister for the Economy, Planning and Land Use, whose words were reported by the Xinhua press agency.