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Urban Development, Hydroelectricity :FCFA 110 Billion World Bank Support

Two separate conventions between the government of the Republic of Cameroon and the World Bank have been signed in Yaounde.

 

The government of Cameroon and the World Bank have once again put hands on deck to foster sustainable development. This time, it is in the domain of urban development and hydroelectricity production. The two parties met in Yaounde recently to ink two loan agreements worth a total of FCFA 110 billion. On the part
of the government, the Minister of the Economy, Planning and Regional Development (MINEPAT), Alamine Ousmane Mey signed for Cameroon while the World Bank’s Director of Operations in Cameroon, Elizabeth Huybens penned for the Bretton wood’s Institution.  The two agreements concerned on the one hand, the Technical Assistance Project for the Hydropower Development on the Sanaga River worth 23.3 million USD (about FCFA 16.4 billion) and on the other hand, the Resilient and Inclusive Cities Project for an amount of 160 million USD (circa FCFA 93.6 billion). According to the World Bank official, the two strategic projects are crucial in assisting government achieve its 2035 Vision, as well as reaching shared growth, reduce poverty and create jobs through increased industrialization, improved productivity and strengthened governance.
As concerns the Resilient and Inclusive Cities Project (PDVIR), the World Bank country Director of Operations indicated, will be a booster to decentralization and town planning through the provision of infrastructure and services which will reinforce the resilience of climate change hazards in urban zones. The project which aims at improving the living conditions of the population, the World Bank affirms, will benefit some 650,000 people living in disaster-prone neighbourhoods in seven cities which includes Yaounde VII, Douala III, Kumba, Batouri, Ngaoundere, Kousseri and Maroua. Minister Alamine Ousmane Mey noted that some 33km of urban roads will be rehabilitated while 57.3km of drainage will be constructed and 900 hectares of land prepared for some 300 youth associations within the framework of the project.   Meanwhile, the FCFA 16.4 billion loan for the Technical Assistance Project for the Development of Hydroelectricity at Sanaga, intends to assist the government improve on its institutional capacity to sustainably develop hydropower resources on the Sanaga River. The World Bank says Cameroon’s hydroelectricity potentials are estimated at over 12,000MW, with half of that potential alone on the Sanaga River. The project is part of the World Bank Group’s portfolio which seeks to support all value chain in the energy sector.  The World Bank intervention adds to the efforts the Electricity Development Corporation (EDC) to fully exploit the potentials and maximise the production of low-cost energy required for industrialisation.

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Two separate conventions between the government of the Republic of Cameroon and the World Bank have been signed in Yaounde.

The government of Cameroon and the World Bank have once again put hands on deck to foster sustainable development. This time, it is in the domain of urban development and hydroelectricity production. The two parties met in Yaounde recently to ink two loan agreements worth a total of FCFA 110 billion. On the part
of the government, the Minister of the Economy, Planning and Regional Development (MINEPAT), Alamine Ousmane Mey signed for Cameroon while the World Bank’s Director of Operations in Cameroon, Elizabeth Huybens penned for the Bretton wood’s Institution.  The two agreements concerned on the one hand, the Technical Assistance Project for the Hydropower Development on the Sanaga River worth 23.3 million USD (about FCFA 16.4 billion) and on the other hand, the Resilient and Inclusive Cities Project for an amount of 160 million USD (circa FCFA 93.6 billion). According to the World Bank official, the two strategic projects are crucial in assisting government achieve its 2035 Vision, as well as reaching shared growth, reduce poverty and create jobs through increased industrialization, improved productivity and strengthened governance.
As concerns the Resilient and Inclusive Cities Project (PDVIR), the World Bank country Director of Operations indicated, will be a booster to decentralization and town planning through the provision of infrastructure and services which will reinforce the resilience of climate change hazards in urban zones. The project which aims at improving the living conditions of the population, the World Bank affirms, will benefit some 650,000 people living in disaster-prone neighbourhoods in seven cities which includes Yaounde VII, Douala III, Kumba, Batouri, Ngaoundere, Kousseri and Maroua. Minister Alamine Ousmane Mey noted that some 33km of urban roads will be rehabilitated while 57.3km of drainage will be constructed and 900 hectares of land prepared for some 300 youth associations within the framework of the project.   Meanwhile, the FCFA 16.4 billion loan for the Technical Assistance Project for the Development of Hydroelectricity at Sanaga, intends to assist the government improve on its institutional capacity to sustainably develop hydropower resources on the Sanaga River. The World Bank says Cameroon’s hydroelectricity potentials are estimated at over 12,000MW, with half of that potential alone on the Sanaga River. The project is part of the World Bank Group’s portfolio which seeks to support all value chain in the energy sector.  The World Bank intervention adds to the efforts the Electricity Development Corporation (EDC) to fully exploit the potentials and maximise the production of low-cost energy required for industrialisation.

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