Littoral project execution rate increases from 6.2 to 17.1 percent

The implementation rate for the first semester stands at 17.1 per cent, compared to 6.2 per cent the same period in 2013.

The Littoral Regional Committee for the Follow-up of Public Investment Budget Execution during its first semester meeting in Douala yesterday, July 16, 2014, revealed that the rate of execution has increased. According to the Secretary of the Committee, Djocki Kingue Jacques Fritz, the execution rate stands at 17.1 per cent compared to 6.2 per cent for the same period last year.

The Littoral Region received 642 public investment projects for the sum of FCFA 11.098 billion among which 343 projects will be managed at council level; 247 at divisional level and 52 at the regional level. So far, FCFA 233 million worth financial execution has been disbursed while 17.1 per cent physical execution rate has been reached.

In addition to the 642 projects under PIB, 43 projects financed by the Programme for Priority Investment (PIP) and 82 others by the Central Management sums up to 767 projects for the region. Of the 767 projects, 89 have been completely executed, 55 are on course, 79 attributed but yet to takeoff, 146 are in the course of being awarded while 398 are still being studied.

The Committee President, Hon. Owona Kono Joseph Hyacinthe, said they have to make sure the resources put at the disposal of the population for the implementation of government policies are well-used. He mentioned that the meeting will spot the weaknesses and propose solutions for better execution, while adding that the best contractors should be awarded contracts.