(Ecofin Agency) - Construction works for the 355 km-long pipeline in Cameroon will commence in January 2017, with a first 110 km section which will connect Limbé, in the Southwest, to Douala, in the littoral. This is as a result of the project’s schedule which was recently revealed by Cameroon’s government.

After the Douala-Limbé section, the 3PL consortium heading the project will build another section linking Douala to Edéa, and covering 70 Km, which will followed by one between Edéa and Yaoundé a bit longer (175 km).

Funds for this project will be provided by “a set of investors from Korea, Switzerland, China, Russia, Nigeria, etc. which will invest 30% of the capital; the rest will be borrowed from banks,” Chrysanthus Esunge Longonje, 3PL’s Associate Executive Director explained to Business in Cameroon.

Mohammadou Dabo from 3PL Ltd. however stated that the total cost for the project has been estimated to about FCFA 218 billion which is subjected to re-evaluation. Both sides involved in the project, namely 3PL and the state of Cameroon, say its realization will lead to a 20% plus decrease in the cost of oil products in Cameroon.