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General News of Thursday, 12 February 2015

Source: CRTV

Yaounde to host 41-storey ultramodern tower


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The Government has embarked on a project to build the first sky-scrapper in Cameroon. The 41-storey ultramodern tower will host the three electricity management agencies in the country.

The agreement to undertake the project was signed this Tuesday, 10th February 2015 at the Prime Minister’s Office by the electricity sector operators in Cameroon and a South African consortium of partners.

Expected to be executed within 36 months, the project has been charged at 65 billion CFAF. The South African consortium of partners will support its financing.

The tower is expected to be a symbol of the town of Yaounde and the highest building in Central Africa. It will contain hotel facilities, a restaurant, conference halls, high standard apartments and a parking lot with a thousand-vehicle capacity.

According to the signatory of the South African Consortium, the project will create over 1700 direct jobs as well as about 2700 indirect jobs.

The General Manager of the Electricity Sector Regulatory Agency (ARSEL), Jean Pierre Kedi signed the agreement with a representative of the South African enterprise, on behalf of the three electricity agencies in Cameroon.

Finance Minister Alamine Ousmane Mey signed the Letter of Comfort on behalf of Government, in the presence of other government officials.

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