On April 25 2014, the Cameroonian government and Préfarail signed a memorandum of understanding (MOU) for the construction of the first tramway in Cameroon, in the city of Yaoundé.
The agreement, which was signed by the Managing Director of Préfarail, Joseph Rode and the Minister of Economy, Planning and Regional Development, Emmanuel Nganou Djoumessi, is aimed at solving transportation issues in Yaoundé and other major cities.
The project will be developed using a build, finance, operation and transfer (BFOT) model. The project will be financed in its entirety by Préfarail, which will then manage it for an undisclosed period of time before handing it over to the state.
The MOU specifies a 50 Km long tramway, which will significantly reduce traffic congestion in the Yaoundé urban center and offer a much-needed transit option to the million inhabitants of this metro area. In addition to the capital city's tramway whose construction is planned to begin in 2015, the project includes building the same infrastructure in Douala, the economic capital of Cameroon.
In early March 2014, Emmanuel Nganou Djoumessi, the Cameroonian Minister of Economy,announced that the government was seeking local and foreign partners for 14 projects majority in the infrastructure and energy sector.
Interested companies had until 31 March, 2014 to submit expressions of interest.