Camrail invests 22 billion CFA francs in 2015

Cameroon Railways (Camrail), a subsidiary of the Bolloré Group, which celebrates its 15th anniversary this year on the Cameroon railway through a concession contract signed with the State, will make global investments amounting to 22 billion francs CFA in 2015, said the pan-African magazine Jeune Afrique.

According to the same source, these investments will allow the company to continue its policy renewal of rolling stock and certain sections of the Cameroonian rail, as it further modernizes its information systems.

As part of this investment plan for 2015, Camrail has already approved last April, two new locomotives of a pulling capacity of 1500 tons of goods each. These machines were delivered by the South African company Grindrod at $ 3 billion CFA francs.

In total, eight new locomotives that will be received this year. These new acquisitions should enable the Cameroonian rail carrier to boost its performance, which culminates to over 1.5 million passengers and 1.6 million tons of freight in 2014. All for a turnover estimated at over 60 billion CFA francs and a profit of 4 billion francs CFA, says Jeune Afrique.