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    Reference: 20140650
    Release date: 15 April 2020

    Promoter – Financial Intermediary

    REPUBLIQUE DU CAMEROUN

    Location

    Description

    The project will finance the renewal of one section (about 330 km) of a single-track non-electrified railway line between Belabo and Ngaounderé.

    Objectives

    The aim is to increase the quality, availability and reliability of rail services in Cameroon. It is expected to generate time and vehicle operating cost savings, reduce the maintenance costs of the infrastructure and improve railway safety. It should also contribute to the modal shift from road to rail, thus bringing climate, environmental and road safety benefits.

    Comments

    The project is also in full support of the Sustainable Development Goals (SDG's), as improved railway transport infrastructure (SDG 9) is expected to facilitate the free movement of passengers and freight between the north and south of the country, while reducing the country's GHG emissions (SDG 13) and transportation costs, thereby supporting economic development (SDG 8) and inequality reduction (SDG 11). The project will also contribute to the implementation of Cameroon's Nationally Determined Contributions (NDC), agreed under the COP 21 Paris Agreement, which prioritizes the development of low-carbon transportation.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Under Global Europe NDICI guarantee

    The proposed operation is expected be covered by the comprehensive guarantee granted to the EIB under the Dedicated Investment

    Proposed EIB finance (Approximate amount)

    EUR 123 million

    Total cost (Approximate amount)

    EUR 243 million

    Environmental aspects

    The project will be implemented on the existing alignment of the railway and within the existing right of way; therefore potential negative environmental and social impacts are likely to be minor. If situated in the EU, the project would likely fall within Annex II of Directive 2011/92/EU as amended by the Environmental Impact Assessment (EIA) Directive 2014/52/EU and therefore be subject to screening. The project will be undergo an Environmental Social Impact Assessment (ESIA) in line with the national legislation and the EIB environmental and social standards.

    Procurement

    The promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

    Status

    Signed - 31/12/2021

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Cameroon Transport