Cameroon+Infrastructure+Projects

=China Likely To Invest In Infrastructure Projects In Cameroon That Correspond With Chinese PNGSM Interest In The Next Five Years=

Executive Summary:
In the next five years China is likely to continue to invest in Cameroon infrastructure projects that coincide with their PNGSM investments. It is likely that Chinese infrastructure projects in Cameroon are used to pursue further PNGSM investments. In Jan. 2011, China Export Import (EXIM) Bank signed an agreement for the construction of the Kribi Deep Seaport project in the Atlantic coast town of Kribi. Once this port is finished, Cameroon will be able to export goods more efficiently. Currently there have been discussions for China to develop and build the rail route needed to get Cameroon's iron ore to the coast. Both of these infrastructure projects correspond with China's interest in Cameroon's natural resources, specifically exports of oil and iron ore. China has also produced infrastructure projects in Cameroon to help strengthen the countries bonds to help further pursuit of China's PNGSM investments. For instance, in 2012 China EXIM Bank loaned Cameroon USD 51 million to construct a social housing project in Cape Verde.

media type="custom" key="24384962" align="right"Discussion:
China is emerging as Cameroon’s largest foreign investor, with significant activities in the areas of infrastructure, extractive industries, and energy. According to the Ministry of Economy, the BRICS (Brazil, Russia, India, China, and South Africa) invested USD 1.42 billion in Cameroon in 2012. International Mining & Infrastructure Corporation (IMIC) is looking at how it will develop the Nkout iron ore deposit in Cameroon as the USD 200 million takeover of Afferro Mining. It already has preliminary off take deals with the Chinese as well as interest from China to help it develop a mine and build the rail route needed to get the iron ore to the coast. Mr. Haresh Kanabar chairman of IMIC stated, "We are highly fortunate in already having contractual relationships with some of China's largest companies in the steel supply chain. We look forward to working with them to deliver the infrastructure and off-take solution for Nkout whilst also contributing to social and economic development in Cameroon”.

On 12 Jan. 2011, China EXIM Bank signed an agreement for a USD 363 million loan for the construction of the Kribi Deep Seaport project in the Atlantic coast town of Kribi, 186 miles south of Yaounde. China National Electric Equipment Corporation and the China Harbor Engineering Company Limited are both implementing agencies for the project. Upon completion, the main port will receive big vessels with an estimated capacity of 100,000 tons. Construction for the project began in December 2010, and the port is expected to be ready in 2014. This port will also be a terminal for an oil pipeline for Cameroon.

China's Overseas Construction Group Co Ltd || Construct a fertilizer plant || Misc. || China National Machinery and Equipment Corp. || Construction of a pipeline from the Sanaga River to Yaounda || Misc. || China National Machinery Industry Corp. || Build the Mekin Hydropower station || Misc. || Huawei Techologies Co., Ltd. || Construct optical fibre backbone network of 1988 miles in length, which will span over 10 different territories of Cameroon along the national highways || Misc. || Huawei Technologies Co., Ltd. || Creation of an electronic postal program, which includes a data center, data communications network, internal communications systems, customer service systems, and a business application system || Misc. || China Highway Industrial Corporation || Construct a highway in between Yaounde and Douala || Misc. ||
 * **Date:** || **Price (USD):** || **Location:** || **Key Chinese Companies Involved:** || **Description:** || **Corresponds To:** ||
 * 2008 || 304 million || n/a || China EXIM Bank,
 * 2008 || 79 million || n/a || China Aero-Technology International Engineering Corp. || Construct a cement factory || Misc. ||
 * 2009 || 775 million || Yaounde || China EXIM Bank,
 * 2009 || 49 million || n/a || China EXIM Bank,China National Electric Equipment Corp.,
 * 2009 || n/a || n/a || China EXIM Bank,
 * 2010 || 41 million || Dja River || China EXIM Bank || Construct the hydroelectric Mekin dam on the Mekin and Dja rivers || Misc. ||
 * 2010 || 464 million || Douala || China's National Machinery Import and Export Corp. || Construct a bus manufacturing plant || Misc. ||
 * 2011 || 57 million || n/a || China EXIM Bank || Build 1,500 low-cost housing units || Misc. ||
 * 2011 || 62 million || n/a || China EXIM Bank,
 * 2012 || 400 million || Yaounde and Douala || China EXIM Bank,
 * 2012 || 2 million || Yaounde || Huawei Technologies Company || Construction of a solar street lighting system || Misc. ||
 * 2012 || 1 million ||  || Gansu Geo-Engineering Corporation || Construction of modern wells in the northern part of the country || Misc. ||
 * 2012 || 51 million || Cape Verde || China EXIM Bank || Construct a social housing project || Misc. ||

** Analytic Confidence: **
Analytic confidence is medium. Source reliability ranges from medium to high. There is no conflict between sources. The analyst had low expertise on the subject, worked alone while also collaborating with a group, and did not use a structured analytic method. The subject is moderately complex and the deadline was moderately easy to meet. Analyst: RoseAnna Wright