RE: CHINA INVESTED $3 Billion in LRC..... Wei Wenhua. Chinese Ambassador.

( Google translation French to English )

According to Wei Wenhua, the Chinese Ambassador to Cameroon said, in  2014, China gave its financial support to 21 major projects in Cameroon for a total amount of around 3 billion dollars (around 1.850 trillion FCFA). Indeed, the major infrastructural projects underway or recently completed in Cameroon, in energy (dams), transportation (port and road construction) and telecommunications (fibre optic cables) sectors are predominantly financed by Eximbank of China. The construction is also being carried out by Chinese companies. The financing granted by Eximbank of China has made it Cameroon's top lender according to figures provided by the amortisation institution, CAA, the public structure which manages the external debt of countries. Chancellor Angela Merkel's representative to Africa, Günter Nooke, announced that the Federal Republic of Germany will disburse a total of a little over 10 billion FCFA to improve the Cameroonian health system. According Mr. Nooke, the funds will allow the government to improve the care provided to displaced Cameroonians and refugees who have been flowing into Cameroon since the start of Central African crisis and the attacks of the Nigerian Islamist sect, Boko Haram. In 2014, in a show of solidarity to Cameroon in the fight against Boko Haram, the Federal Republic of Germany provided 120 all-terrain vehicles to the Cameroonian army. The national public company Cameroon Railways (Camrail), has .just received two new trains with a traction capacity of 1,500 tonnes of merchandise each. The trains, which cost Camrail 3 billion FCFA, were built by the South African company Grindrod. Grindrod is listed on the Johannesburg Stock Exchange (JSE). According to Camrail, the two trains "are a part of the first batch of eight new trains expected for this year." The railway company's release indicates that "two other trains are expected in May at the Port of Douala and four more will be here by the end of the year." For the two new acquisitions, Camrail chose the South African company Grindrod instead of its usual partner, the Chinese company Csr Nanjing Pulszen which has had, for a few years now, the contract to supply trains, passenger coaches and merchandise platforms to Camrail. I