Cameroon Borrows 30 Million US Dollars To Fight Floods In National Capital
This year alone, floods in the national capital have caused damage estimated at over one billion FCFA (about 2 million US dollars), according to estimates by municipal authorities of the capital.
The government of Cameroon this week signed two loan agreements with the African Development Bank (AfDB) to the tune of 15.8 billion FCFA (about 30 million US dollars) to finance two projects, including the fight against floods in the national capital, Yaounde.
One of the projects to be undertaken with the money is the Complementary Project for Rainwater Drainage of Yaounde, popularly known by the French acronym PCADY, which is intended to fight against devastating floods in the country’s national capital.
In concrete terms, this project would, besides facilitating the management of solid wastes, which most times obstruct drainage, permit the construction of a flood levelling basin which would reduce the level of water in the Mfoundi river during periods when the water level of the river is very high.
PCADY is the third project involving the fight against floods in the city of Yaounde that is being financed by loans from the African Development Bank.
The African Development Bank, it would be recalled, has already financed the first and second phases of the Complementary Project for Rainwater Drainage of Yaounde. However, the execution of the first and second phases of the project has not succeeded in putting an end to the disastrous floods that have been hitting Yaounde each rainy season.
This year alone, floods in the national capital have caused damage estimated at over one billion FCFA (about 2 million US dollars), according to estimates by municipal authorities of the capital.
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