Anhui Shuian Group to build Mfoundi Canal at 10.8 billion FCfa

The Yaoundé City Council has awarded the contract for the construction of the Mfoundi Canal and related infrastructure to the Chinese company, Anhui Shuian Construction Group, at 10.8 billion FCfa.

Anhui Shuian Group had applied in consortium with another company named, CRBC Addis Engineering.

The purchaser of this market, less known in Cameroon, was preferred to the regular contractors of infrastructure in the country such as Chinese Sinohydro or the Indian company Angelique International, whose bids were more expensive at 17 and 13 billion FCfa respectively.

The construction of Mfoundi Canal, purposely to block the river which crosses the Cameroonian capital and whose overflowing banks often causes flood in the city, are under the Yaoundé Management Program (Pady).

The first phase of this project which has completed 3.5 km of the canal was funded to the tune of 22.3 billion FCfa by the ADB, and officially induced the creation of 1,800 direct and indirect jobs.

In order to finance the second phase of Pady, which incorporates the aforementioned market, the Cameroonian government signed a credit agreement with an amount of 52. 5 billion FCfa with the French Development Agency (AFD) in June 2014