Development Capital Partners and DP Rail ready to finance railway development in Cameroon
- Monday, 14 November 2016 14:05
(Business in Cameroon) - Development Capital Partners, a company specialised in financial consultancy, and DP Rail, British company working in financing, design, construction, operation and maintenance of rail networks have just notified the Cameroonian government of their interest in contributing to the funding of railway development projects currently undertaken or in the pipeline in the country.
“During the recent visit of the CEO and other members of the Development Capital Partners team in Cameroon, the delegation met the minister in charge of this sector (Transport, Ed.) and key conclusions were drawn. The team is waiting for the list of projects to be reviewed to continue the discussions”, confided a source familiar with the case.
As a reminder, due to a lack of appropriate funding, Cameroon is slow to implement its national railway development plan, which global cost is estimated at about FCfa 15,000 billion. This national plan incorporates strategic projects such the expansion of the Cameroonian railway to Chad, or the construction of the Edéa-Kribi-Lolablé line to serve the deep water port of Kribi. These two projects have already roused the Bolloré group, who offered to finance and carry them out.
But, the main important railway project expected in the country remains the construction of the Mbalam-Kribi railroad, which is a component of the project for the iron ore mining project in Mbalam, which lies between Cameroon and Congo. Over 500 km-long, this railroad should trigger the mining activity of the subsoil in the mining region of Eastern Cameroon.
Brice R. Mbodiam
