|Approval Date||22 Jun 2022|
|Planned Completion Date||31 Dec 2025|
|Last Disbursement Planned Date||31 Dec 2025|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||21023|
The proposed operation in an ADB loan of EUR 39.629 million in addition to the first phase of EUR 114.336 million, approved on 20 October 2021 to the Republic of Cameroon to finance the Project to develop access roads to the industrial and port area of Kribi (PARZIK). The first phase of Kribi’s port infrastructure comprises (i) a 350-metre-longcontainer terminal; and (ii) a 265-metre-longmultipurpose terminal. The following are currently being developed (a) the second phase which, from 2024, should provide an additional 700-metre quay bringing the container terminal capacity up to 1,000,000 x 20-foot equivalent units (TEUs); and the (b) the industrial complex combined with a vast area for heavy, medium and light industry, a modern residential town with housing for up to 300,000 people by 2040, as well as new and improved transport infrastructure. The project is expected to be implemented over seven years (2021-2028). Given its macroeconomic context and within the limits consistent with the country's level of debt sustainability, the Government wished to commit the Bank's financing in two phases. The activities, financed by the first phase of the ADB loan, effectively started in November 2021. The second loan of UA 33.460 million, is the subject of this operation.
PARZIK’s sector goal is to help improve the transport system in Cameroon by optimising the operation of the Kribi Industrial Port Complex and promoting regional integration in Central Africa. This sector goal is broken down into three (3) specific objectives aimed at (i) establishing permanent road links to improve the accessibility and connectivity of the Kribi Industrial Port Complex, (ii) reducing travel time and overall transport costs at national and regional level, and (iii) improving the quality of life for people living in the project impact area.
The project’s direct impact area (PDIA) comprises the South and Littoral Regions of Cameroon as well as the Littoral Province of Equatorial Guinea. The indirect impact area covers the remainder of Cameroon and the entire continental region of Equatorial Guinea, including some regions of these two countries’ neighbouring countries (Chad, Congo, CAR and Gabon), thus amplifying the snowball effect of the Bank’s intervention in terms of regional integration. The project’s direct target beneficiaries are the people living in the area directly impacted by the project and its main social groups. Other beneficiaries include various users of the road sections concerned by the project (hauliers, motorcyclists, pedestrians, etc.), businesses and service providers who will be mobilised to ensure its implementation, as well as technical services and other administrative entities in the Littoral and South regions.
African Development Bank
MINISTERE DES TRANSPORTS ET DES TRAVAUX PUBLICS
|Last Update||24 Mar 2023|
|Name||Pierre-Simon MORE NDONG|