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Infos Business of Thursday, 26 June 2014

Source: africatime.com

Bolloré invest 5.2 billion CFA FRANCS to improve rail transport in Cameroon

The Cameroon railways (CAMRAIL), an entity of Bolloré Africa logistics (BAL), just invested more than 5 billion CFA francs to improve the supply of rail transport in Cameroon.

It includes 25 tanks with a capacity of 55 m3 cars each, and whose cost amounts to 1.6 billion CFA francs.

This acquisition enhances the transport capacity of the undertaking serving through railway sidings across the country, the infrastructure of the Cameroon Oil Storage Company (SCDP).

In addition, 50 new railcars platforms were acquired for 2.6 billion CFA francs to strengthen evacuation capacity containers on the Douala-Bangui and Douala-Ndjamena.

In addition, there are 30,000 linear rails 54 kg newly acquired worth one billion CFA francs meters "that will enable the achievement of the maintenance of the track on the rail network, with the incidence, the substantial improvement of traffic safety and travel time, "reassures within the company.

According to sources familiar with the matter, these investments are part of the commitments made by the dealer under Agreement No. 2 to the concession agreement railways of Cameroon provided on the 2009-2020 period, investment 230 billion FCFA 158 billion which funded CAMRAIL.