World Bank loans 30 million USD for drinking water supply in Cameroon
17 January 2011
The World Bank has granted Cameroon a loan of about 30 million dollars to finance a water infrastructure project.
The financing agreement was signed last Wednesday in Yaoundé. It will be added to the initial loan of close to 82.1 million dollars granted in 2008 by the International Development Association (IDA).
The funding by the World Bank will finance the construction of a fourth purification plant, which will be constructed on the river Nyong, to provide a capacity of 50,000 cubic meters of water per day.
The aim is to improve and to extend the supply of drinking water to the cities of Yaoundé and Douala.
Also this week, the Chinese Export Import Bank announced its participation in the financing of the construction of a deep-water port at Kribi, reports the AFP press agency. It has granted a loan of 422 million dollars to the State of Cameroon.