Douala Tram Project Seeks Investors Amid Guarantee Conflicts
1 report, 1 independent
Updated Fri 00:00
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What happened
The city of Douala is seeking private investors to finance its first tram line, an indicative project budgeted at CFA400 billion, or approximately €610 million. The proposed 20-kilometer route will cross the Wouri River and connect the Bekoko interchange to the SCDP intersection in Ndogsimbi. However, the detailed tender documents contain conflicting provisions regarding public financial guarantees.
Why it matters
The project requires private investment to fund the infrastructure. The uncertainty over public financial guarantees raises questions about how risks will be shared between investors, the city, and the Cameroonian government. This contradiction must be resolved before partners are selected.
Who's involved
- DoualaCity seeking private investors for the tram line project.
- CameroonGovernment whose financial guarantees are subject to debate.
- World BankInternational financial institution potentially affected by regulatory uncertainty.