BELABO-NGAOUNDERE RAILWAY RENEWAL CAMEROON

Promoteur – Intermédiaire Financier

REPUBLIQUE DU CAMEROUN

Lieu

• Cameroun

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.

Objectifs

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.

Commentaires

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.

Secteur(s)

• Transports - Transports et entreposage

Garantie au titre du MPE

This operation is covered by the ELM Guarantee.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Montant BEI envisagé (montant approximatif)

EUR 123 million

Coût total (montant approximatif)

EUR 243 million

Aspects environnementaux

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.

Passation des marchés

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

Statut

Signé - 31/12/2021