|
|
 |
|
Viewing report
|
|
|
|
Cameroon Infrastructure Report Q4 2010
Business Monitor International, Sep 2010, Pages: 69
The Caneroon Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Cameroon's infrastructure industry.
With severely inadequate infrastructure and lack of commitment to reforms from the government Cameroon’s construction sector faces significant obstacles to growth. Despite this, growth forecasts have increased marginally this quarter as a result of improved GDP estimates for the country. BMI forecasts year-on-year (y-o-y) construction industry value growth of 5.35% for 2010 up from 4.17% last quarter. The industry value is now forecast to stand at a mere US$0.79bn for 2010. This will rise to US$1.23bn by 2014.
Key developments that contribute to forecasts included:
- An increase in Cameroon’s GDP boosted the infrastructure sector as the country posted strong growth on the back of oil revenues. With exploration continuing apace there was speculation of increased activity in the oil sector leading to greater infrastructure investment. AIM listed oil explorer BowLeven announced that successful initial testing at its Etinde offshore well made commercial development likely.
- In July, The African Development Bank (AfDB) signed an agreement to extend a loan of US$15.84mn, and US$7.92mn to Cameroon to support water and sanitation programmes. The funds will be used for projects in four regions, the North West, West, South West and South. The projects are aimed at improving the water and sanitation access rate in rural areas from 33% to 60% for water and from 17% to 22% for sanitation.
- In June, construction work commenced on a new highway linking Nigeria and Cameroon. The Bamenda-Enugu multinational highway will be 443km-long and will cost US$413mn. The highway is funded with US$161mn from the African Development Bank (AfDB) and US$330mn from the World Bank (WB). A contract worth NGN13.84bn (US$91.3mn) was awarded to China Civil Engineering Construction to carry out the construction of the Nigerian phase of the project.
Despite a slight upturn in fortunes this quarter, the macroeconomic picture for Cameroon remains grim. The energy sector is far below required levels to sustain existing infrastructure never mind develop new projects. Similarly inadequate transport in the country limits the movement of materials and resources vital for project development. Coupled with a business environment that represents a risky landscape for investors, the sector is unlikely to see sustainable growth over the short term.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
Cameroon Infrastructure Report Q3 2011
Cameroon Infrastructure Report Q1 2011
Iraq Infrastructure Report Q2 2011
Morocco Infrastructure Report 2012
Uganda Infrastructure Report Q1 2011
Nigeria Infrastructure Report Q1 2012
Iraq Infrastructure Report Q4 2010
Chile Infrastructure Report Q1 2011
Peru Infrastructure Report Q1 2011
China Infrastructure Report Q2 2011
|
|
|
|
