Business

Cameroon – Transport: International Finance Corporation wants to invest in fast bus service in Cameroon

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Written by Deckson N.

The Minister of Housing and Urban Development, Jean Claude Mbwentchou, met with Cameroonian Vera Songwe, director of the Western and Central Africa Office of the International Finance Corporation (IFC), a subsidiary of the World Bank dedicated to the private sector in Yaounde, on 15 December).

The host of the minister expressed the wish to see the IFC bring to Cameroon its contribution to the improvement of urban transport in Cameroon, notably through the rapid service by bus (BRT), for which the service is Many in Africa (Senegal, Tanzania and Kenya) and in several other countries around the world.

Regarding the financial package, Vera Songwe spoke of the possibility of a public-private partnership backed by IFC’s search for funding if the project is profitable.

Jean Claude Mbwentchou replied that Cameroon, which is quite advanced on the issue, took language, some time ago, with the Brazilian company Marco Polo. In addition, the Prime Minister, Philemon Yang, has already set up a Steering Committee to focus on mass transport in Cameroon. He added that, following an evaluation, not only were the cities of Yaounde and Douala chosen, but the routes were stopped there.

While Mbwentchou was convinced that the BRT was one of the safe ways to absorb mass urban transport in Cameroon, he stressed the need not only to clarify the nature of the platform for collaboration between Cameroon and IFC, but also the method of financing the project and the mode of operation of the means of transport to be used.

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Deckson N.

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