RAZEL-BEC and Egis signed a PPP for 14 road toll plazas in Cameroon

05/20/2020

RAZEL-BEC (FAYAT Group) and Egis signed a 230 million euros public-private partnership (PPP) contract for the design, construction, operation and maintenance of 14 road toll plazas in Cameroon.

On 18 May 2020, TOLLCAM signed a partnership contract with the Minister of Public Works and the Minister of Finance of the Republic of Cameroon for the design, construction, operation and maintenance of 14 toll plazas on Cameroon's main roads.

The Cameroon based company TOLLCAM, a 50/50 subsidiary of RAZEL-BEC and Egis, will be in charge of the execution of this contract over a period of 20 years.

This project will provide the Cameroonian State with modern and secure toll facilities on its road network.

The works to build the new tolling facilities will start as soon as the financing is in place and are anticipated to be completed in 2022.

The operation and maintenance of the toll facilities will then be carried out by TOLLCAM, while the tariff policy remains the responsibility of the State of Cameroon.

The contract value will be 230 million euros.

With the signature of this contract, RAZEL-BEC (FAYAT Group) and Egis, which together have been operating in Cameroon for more than 120 years, are thus confirming their commitment to the development of strategic infrastructures in the country and, more broadly, throughout the African continent.