“Investing in sustainable transport is crucial to unlock economic opportunities, connect communities and reduce carbon emissions. Operating performance will be improved thanks to the substantial reduction in journey times for both passenger and freight trains improvement of passenger comfort, safety and the capacity of rail traffic, all crucial to shift traffic from mining in the Adamaoua Region and contributing to delivering national development objectives in the sector” said Ernest Ngallè Bibèhè, Minister of Transport. With the PRBN, we will have 330 additional km of railway track renewed, approximately 30% of the national network. “Agreements for the financing and implementation of the Bélabo-Ngaoundéré Line Renewal Project (PRBN) signed today, mark a decisive step in the renewal program for the entire operational rail network, initiated at the end of the 1990s. This blended financing totalling just over 80 billion FCFA demonstrates the strength of our strategic partnership with European financial institutions” said Alamine Ousme Mey, Minister of Economy, Planning and Regional Integration. This major rail project will help establish our multimodal transport strategy and strengthen connection of places and people across Central African. This shows the broader importance of the financing agreements for the project to renew the Bélabo-Ngaoundéré railway line (PRBN), confirmed today in the presence of Prime Minister and Head of Government. “Renovation of transport infrastructure is, just like meeting energy needs, essential for the performance and competitiveness of our economy. The EIB’s largest ever investment in Cameroon is a flagship of sustainable transport for our country and for Africa.” said Prime Minister Joseph Ngute. I welcome the European Investment Bank’s support for the Belabo – Ngaoundere railway. “Upgrading Cameroon’s national transport network is crucial to improve lives and create new opportunities for our people. The new EIB loan, EU investment grant and technical assistance will finance and support the €243 million project to enable faster and more reliable freight and passenger rail transport between central and northern Cameroon, enhance connections between the port of Douala, Chad and the Central African Republic and provide a sustainable alternative to road transport.
Thomas Ostros EIB Vice President, Alamine Ousmane Mey , Minister of the Economy, Planning and Regional Development, Ernest Massena Ngalle Bibehe, Minister of Transport and Phillipe Van Damme Ambassador of the European Union to Cameroon announced the new EU support. The €106 million European Investment Bank loan and €17.1 million European Union grant were confirmed in Yaoundé earlier today at a ceremony attended by Prime Minister Joseph Ngute. The European Union has agreed to provide €123 million to support upgrading of the 330km Belabo – Ngaoundere railway line in Cameroon. Improved transport to stimulate economic growth, create jobs and reduce road use.330 km railway renewal to improve freight and passenger links to northern Cameroon, Chad and Central African Republic.€17 million European Union grant to support project and best practice implementation.€106 million EIB loan represents largest ever for a project in Cameroon and largest support for sustainable transport in sub-Saharan Africa.
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