World Bank will lend 260.8 billion FCFA for the construction of fast buses in Douala

World Bank will lend 260.8 billion FCFA for the construction of fast buses in Douala

N Melo
by N Melo
July 2, 2022 0

World Bank african development

World Bank will lend 260.8 billion FCFA for the construction of fast buses in Douala

News Urban mobility: the World Bank will lend 260.8 billion FCFA for the construction of rapid buses in Douala

This loan represents 78% of the overall cost of the project estimated at 335.3 billion FCFA.
The Board of Directors of the World Bank (WB) approved on June 2, a loan agreement of 260.8 billion FCFA for the Douala Bus Rapid Transit (BRT) project. Of this envelope, 125.6 billion FCFA will be provided by the IBRD, the non-concessional window of the World Bank, while the concessional window (IDA) will disburse 135.2 billion FCFA.

This loan covers 77.8% of the overall cost of the project, estimated at 335.3 billion FCFA. 62.1 billion will be mobilized through public-private partnerships (PPP) and counterpart funds of 12.4 billion will be released by the State of Cameroon.

The construction of the BRT network will mobilize 291.9 billion FCFA, or 87% of the total envelope. This will involve building 28 km of fully separated dedicated bus lanes, 44 stations and four terminals. The rest of the financing will be devoted to urban development around the BRT stations, to strengthening the institutional and professional capacities of existing public transport operators, as well as to the management of the project.

The approval of WB financing allows the effective start of this 8-year-old project during this year 2022, as promised at the beginning of the year by the mayor of the city of Douala, Roger Mbassa Ndine. It will provide the economic capital with a reliable transport network, in a city constantly blocked by traffic jams of taxis and motorcycle taxis. As a prelude to the start of this project, the councilor of the economic capital of Cameroon has also recently dispatched a mission to Dakar, in order to draw inspiration from the Senegalese model of BRT.

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