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Cameroon Railways

Sector: Mass Transit • Location: Cameroon

Source: World Bank Group

Project
Active

The project includes the rehabilitation and operation of Cameroon's rail network for a 20-year period. The contract was extented to 30 years after the first five years of operations.

Camrail was a joint-venture of Spoornet and Transerb's subsidiary Comazar, which will operated the railway, the French company Saga, Cameroon investors (34%) and the government (15%). Camrail took over the operati

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The project “Cameroon Railways” is an infrastructure initiative in the Mass Transit sector, located in Cameroon. Taiyo aggregates data on it from World Bank Group.

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Participants

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Original status

active

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Description

Description

The project includes the rehabilitation and operation of Cameroon's rail network for a 20-year period. The contract was extented to 30 years after the first five years of operations. Camrail was a joint-venture of Spoornet and Transerb's subsidiary Comazar, which will operated the railway, the French company Saga, Cameroon investors (34%) and the government (15%). Camrail took over the operations on March 1999. Financial resources for the rehabilitation works are expected to be raised from IDA, AFD, EIB, IFC, Proparco, DEG and equity funds from the concessionaire. The concessionaire agreed to invest US$89.6 million during the first five year of operations. In 2002, the French Development Agency (AFD) issued a US $12.5 million loan to for rehabilitation works and equipment. http://www.comazar.com/structure.htm http://www.bollore.com/groupe/en/index.html None

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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