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    Government borrows 138.5 Billion Frs to build 'Stade Paul Biya' in Olembe; Yaounde!


    The government is working on building another football stadium which would be called 'Stade Paul Biya' in Olembe which is 13Km from Yaounde. 
    The stade will be of FIFA standard, with 60,000 seats, two training courts, lodging spaces and spaces for commercial purposes. 
    It will cost 163 Billion FCFA to build.
    85% of that cost;that is 138.547 Billion FCFA has been borrowed from Italian bank; Intesa Sanpaolo.
    15% of the cost, that is 24.45 Billion FCFA will be paid by the Cameroonian government.
    Minister of Sports; Bidoung Mkpatt is putting pressure on those concerned with constructing the stade for it to be ready before the African Cup of Nations 2019 that would be hosted by Cameroon.
    Read more about it HERE
    Architectural plan of the stadium

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    Item Reviewed: Government borrows 138.5 Billion Frs to build 'Stade Paul Biya' in Olembe; Yaounde! Rating: 5 Reviewed By: Clarisse Ndinge
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