The government of Cameroon has awarded a contract to the Chinese First Highway Engineering Co. Ltd. (CFHEC), to construct the headquarters of the General Tax Office (Direction generale des Impots - DGI) of the Ministry of Finance.
The work is expected to last for 36 months and will cost FCfa 20.2 billion.
This Chinese firm is well known in Cameroon, as it has also received a contract for the construction of the first stretch (80 km out of 215 km) of the Yaounde-Douala motorway, linking the two main cities of the country. Exim Bank of China funded this first phase, with FCfa 241.4 billion.
This firm in September 2014, was given a sanction by the African Development Bank group (AfDB), for "fraudulent practices and collusive maneuvers" as part of the call for tender for the Batshamba-Tshikapa road project, in Democratic Republic of Congo.
The Chinese company got a 3-year exclusion from all projects funded by AfDB and a fine of USD 18 million, around FCfa 9.9 billion. According to AfDB these funds are to be utilised to "finance projects on the prevention and fight against practices liable to sanctions in the AfDB regional member countries".
The work is expected to last for 36 months and will cost FCfa 20.2 billion.
This Chinese firm is well known in Cameroon, as it has also received a contract for the construction of the first stretch (80 km out of 215 km) of the Yaounde-Douala motorway, linking the two main cities of the country. Exim Bank of China funded this first phase, with FCfa 241.4 billion.
This firm in September 2014, was given a sanction by the African Development Bank group (AfDB), for "fraudulent practices and collusive maneuvers" as part of the call for tender for the Batshamba-Tshikapa road project, in Democratic Republic of Congo.
The Chinese company got a 3-year exclusion from all projects funded by AfDB and a fine of USD 18 million, around FCfa 9.9 billion. According to AfDB these funds are to be utilised to "finance projects on the prevention and fight against practices liable to sanctions in the AfDB regional member countries".