Japanese ODA loan was signed on May 30 in Yaoundé between Japan through the Japan International Cooperation Agency (JICA) and the government of the Republic of Cameroon.
The loan in the amount of 5,894 billion yes is for the financing of the Yaoundé-Brazzaville International Corridor Development Project particularly the Mintom-Lele Section.
Roughly 67 kilometers of unpaved road will be developed through this project between Mintom and Lele in southern part of Cameroon. This unpaved road is part of the main international corridor in Central Africa which will connect Yaoundé and Brazzaville. Yaoundé is the capital of Cameroon while Brazzaville is the capital of the Republic of Congo. The project will also reach Gabon and Equatorial Guinea.
The Japanese ODA loan funded project’s objective is to guarantee the provision of an efficient route for transportation between the Republic of Congo and Cameroon with the purpose of reducing poverty and economic development in the specified region and the integration of the sub-regional economy of Central Africa.
African Development Bank is co-financing the project. The loan funds are focused on public works procurement in relation to the pavement of the targeted road section.
The target area of the road development project in the South Region produces agricultural products such as cacao, cooking bananas, and cassava which are mostly exported to trading partner like Japan. The region is also rich in high quality timber and iron ore. But, the poor conditions of the road make it difficult for producers to transport their goods efficiently and economically that resulted to more poverty over the region.
Projects supporting the Yaoundé-Brazzaville international corridor in relation to the targeted section are provided by the African Development Banks, the Central African Development Bank and other development project partners with the purpose of uplifting sub-regional economic incorporation by connecting the corridor from Douala Port in Cameroon to Brazzaville through Yaoundé with paved roads.