Image result for home logo................ Image result for national logo ................Image result for economy logo............. ..............Image result for job logo ..............Image result for human interest logo............ Image result for humour logos............Image result for sport logo............ Related image............................Image result for contact logo

Wednesday, August 24, 2016

New Stadium at Olembe to be Named After President Biya – Italian Bank Borrowing Gov’t 139billion FCFA for Construction

An artist rendition of the new stadium. Unlike the Ahmadu Ahidjo Stadium, Paul Biya's stadium will be Cameroon’s first fully covered stadium
An artist rendition of the new stadium. Unlike the Ahmadu Ahidjo Stadium, Paul Biya’s stadium will be Cameroon’s first fully covered stadium

An Italian bank, Intesa Sanpaolo is putting at the disposal of the government of Cameroon the sum of 139 billion FRS as loan for the construction of an ultra-modern sports complex of international standard at Olembe, outskirts of Yaoundé.
The contract was signed Tuesday, August 16. Representing the Italian side was the Chargés d’Affairs at the Italian Embassy in Yaoundé, and the Minister of Economic Planning and Regional Development, Louis Paul Motaze signed on behalf of Cameroon.
During the signing ceremony, Motaze thanked the Italian government and bank for coming to the aid of Cameroon at this crucial moment when it is preparing to host some major sporting events. The Minister showered praises on the Italian firm, Group Piccini that has won the contract for accepting to even start the preliminary part of the construction works before the loan contract is signed. To Motaze, it is a sign of confidence on Cameroon.
Construction work on the 60,000 capacity stadium is expected to begin next month and will cost a global sum of 163 billion FRS. Part of the funding (24 billion FRS) will come from the government of Cameroon.
The stadium will host an Olympic swimming pool, a gymnasium as well as a hotel. It will be built on 34 hectares of land and named after Paul Biya. The greatest innovation is the fact that the stadium will be fully covered taking the shape of a bird nest unlike all the others that are partially covered.
The edifice is being erected in preparation for the upcoming African Cup of Nations (AFCON), male category that will be hosted by Cameroon in 2019. Some of the earmarked hosting towns include Yaoundé, Douala, Limbe, and Bafoussam. With the present insecurity in the North, Garoua may likely forfeit its chances of receiving some of the teams in competition.
It will be the second time the AFCON is coming to Cameroon, the last was in 1972. In October 2015, the Minister of Urban Development and Housing, Jean Claude Mbwetchou was in Douala to launch the construction of a 50,000 capacity stadium for the same purpose.
                                                                                       SOURCE: Cameroon Daily Journal

No comments:

Post a Comment