DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5710fd/cameroon_infrastru) has announced the addition of the "Cameroon Infrastructure Report Q3 2011" report to their offering.
Business Monitor International's Cameroon Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Cameroon's infrastructure industry.
Although modest, BMI's outlook for Cameroon's construction sector is stronger than those in many advanced economies. Although the industry is hampered by a dearth of feasible projects on the ground, foreign and multilateral funding will help keep the sector within the 3% growth mark over 2011-2014, with the industry growing to reach a value of XAF316.07bn (US$650.1mn) in 2011.
Key developments in recent months include:
- The African Development Bank (AfDB), the International Finance Corporation (IFC), and the Netherlands Development Finance Company (FMO) will lend EUR66mn (US$92.9mn) to Cameroon's Dibamba Power Development Company to help it build an 86MW power plant in the country, it emerged in late May 2011. The support of these financial institutions is crucial, as Cameroon is in dire need of a reliable electricity supply.
- Although Cameroon's traditional economic partners have been European countries (especially France), economic interaction with China has increased rapidly over the past decade, with an increasing number of Chinese-financed infrastructure projects being developed in the country. China made the largest ever loan allocation to Cameroon, granting US$542mn for a hydro power project, in May 2011. The African country has struggled to meet electricity demand in recent years as it has had difficulties getting its flagship project - the Lom Pangar hydropower plant - off the ground. The Export-Import Bank of China (ChinaEximbank) is to issue the loan to pay for the construction of a 201MW hydropower plant on the Ntem River. The Memve'ele dam will be built over the next five years, although more detailed information is still to be released.
Companies Mentioned:
- Besix SA
- AES Corporation
For more information visit http://www.researchandmarkets.com/research/5710fd/cameroon_infrastru.