Cameroon, Central African Republic, Chad: CEMAC (Central African Economic and Monetary Community) - Transport-Transit Facilitation Project

WASHINGTON, June 26, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA CREDIT FOR CAMEROON: US$147 million

TERMS: Grace = 10 years; Maturity = 30 years.

IDA GRANT FOR CAR: US$24 million

IDA GRANT FOR CHAD: US$30 million

PROJECT DESCRIPTION: The three-country project aims to facilitate regional trade among the CEMAC member states and improve the countries’ access to world markets. It is part of an unprecedented multi-donor effort in the region to improve transport infrastructure, which is co funded by the African Development Fund, the European Union and the Agence Française de Développement (French Development Agency), as well as the three governments.

 

For project details, please call Timothy T. Carrington at (202) 473 8133 or email:

tcarrington@worldbank.org