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    President Paul Biya authorises a loan agreement of 1.3 billion frs for the financing of the Belabo-Ngaoundéré railway line

    Currently in a very advanced state of degradation, for about 50 years now, the railway connecting Belabo, in the East Region, to Ngaoundéré, in the Adamaoua Region, has recorded a decisive step in the process of its restoration.

    Yesterday, Monday July 20th, President Paul Biya, signed a decree empowering the Minister of the Economy, Planning and Regional Development and the Minister of Transport to sign a cooperation agreement with the European Investment Bank (EIB ), for an amount of 2 million euros(1.312 billion frs), for the financing of the technical assistance in charge of carrying out the detailed preliminary design and environmental and social impact study of the Project renewal of the Belabo-Ngaoundéré railway line.
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    Item Reviewed: President Paul Biya authorises a loan agreement of 1.3 billion frs for the financing of the Belabo-Ngaoundéré railway line Rating: 5 Reviewed By: Mouzi En’Or
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