China Eximbank provides RMB 171 million government concessional loan for Phase I of the Douala (Yato) Water Supply Project (Linked to Project ID#31229)

On August 30, 2007, representatives of the Chinese and Cameroonian governments signed a framework agreement in which China Eximbank offered a 171 million RMB concessional loan for Phase I of the Douala Water Supply Project (or 杜阿拉城市供水项目第一期阶段 or projet d’alimentation en eau potable de Douala or Yato I) in Cameroon. In this agreement, the Chinese Government also committed to paying the loan's interest payments at a rate of 2%. The loan matures after 20 years and includes a 5-year grace period. Cameroon's Ministry of Economy, Planning, and Regional Development served as the borrower. The purpose of this project was to build a water treatment plant with a capacity of 50,000 ton/day and a 20 km long water distribution pipeline in the village of Ayatto, which is located on the outskirts of Douala along the River Mungo. According to the African Forum and Network on Debt and Development, CGC Overseas Construction Co. Ltd (CGCOC) and the Cameroon Ministry of Energy and Water Resources signed the commercial contract on November 13, 2007. Works began on January 18, 2008 and were completed on June 25, 2010. According to SourceID#137918 , Camwater, Cameroon's state-owned water utility company, provided 7 billion XAF of counterpart funding for Phase I of this project. Camwater was also involved with the construction of this project.Phase II of the Douala Water Supply Project is captured in project #31229.

Additional details

1. The French project title is - Projet de Renforcement et d’Amélioration de l’Alimentation en Eau Potable (AEP) de la ville de Douala (1ère phase) or Projet d’alimentation en eau potable de Douala or Yato I. The Chinese project title is 杜阿拉城市供水项目第一期阶段.2. The framework agreement can be accessed in its entirety via SourceID#66837 or https://www.documentcloud.org/documents/20485113-cmr_2007_165.3. The project ID number for this transaction in Cameroon's Development Assistance Database (DAD) is CAM/000613.

Number of official sources

15

Number of unofficial sources

14