Cameroon Infrastructure Report Q4 2014: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Oct 23 2014

Cameroon's construction sector will record strong growth over the next five years, supported by progress on major power and transport infrastructure projects. We anticipate annual average construction sector growth of 10.2% between 2014 and 2018. Progress is also being made in the business environment, with the successful implementation and expansion of the country's PPP programme.

We expect progress on a number of large projects to drive strong growth in Cameroon's construction sector.

* In July, French major EDF signed an agreement with the Cameroon government to develop a 360MW hydropower plant located at Nachtigal Falls on the Sanaga River. Construction is expected to start in early 2015 and cost USD814mn. EDF is providing 40% of the funds, with the remainder coming from the International Finance Corporation (with 34%) and the Cameroon government (26%).
* In June 2014, Portugal's Mota-Engil was awarded a contract for construction of the rail and port infrastructure associated with the Mbalam mine project. Estimated to cost USD3.5bn, construction will take three and a half years. Financial close is yet to take place, raising some risks over the project, especially considering previous funding concerns for the major iron ore mine project. Financing is hoped to be secured by mid-2015, with Standard Bank having been appointed to assist with fundraising.
* In June 2014 UK energy company Joule Africa signed a Memorandum of Understanding to develop a 100MW solar power plant. The project is due to be completed in 2015 and commissioned in 2017. Joule is already active in Cameroon through the 850MW Katsina Ala River hydropower plant. In August 2013, authorisation was given to construction of the project. A full feasibility covering the financial and engineering side of the project was carried out by Lahmeyer International over a 12-month period. The first phase will see the construction of a 450MW unit, with an estimated cost of USD1bn. The project...

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The Cameroon Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Cameroon Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Cameroonian infrastructure and construction industry.

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