Business

Infrastructure: Standard Chartered Bank of London will mobilize 62.5 billion FCfa for the rehabilitation of a 40,000-seat stadium in Douala

On 28 December 2017, Cameroonian President Paul Biya signed a decree ratifying a credit agreement of 112.69 million dollars (62.5 billion FCfa), signed on 10 December 2017 with Standard Chartered Bank from London.

This amount, explains the presidency of the Republic, is earmarked for the financing of the rehabilitation and extension project of the Reunification Stadium in Douala, as well as related infrastructure. The Canadian company Sodevi is in charge of the work. In addition to the renovation of this stadium with a capacity of 40,000 places built as part of the 8th Africa Cup of Nations (AfCON) hosted by Cameroon in 1972, Sodevi will also build a stadium and a multi-sports gymnasium still in Douala.

The reunification stadium, in the country’s economic capital, has been chosen as one of the Cameroonian infrastructures that will house the AfCON 2019 in June. The company in charge of this project was also selected to build four training grounds in Bafoussam, in the west of the country.

 

Tags
Show More

Related Articles

Leave a Reply

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker
%d bloggers like this:

Don't miss any news again.

Subscribe to our newsletter

””

 

Subscribe!