6 Billion FCFA For The Construction Of The Deido Market In Douala
The construction of the Deido market in the economic metropolis of Cameroon will require an investment of six billion CFA francs, announced on Thursday by the urban council of Douala (CUD), after a deliberation of the Municipal Council.
This trading platform in Deido will benefit from the financial assistance of the Special Fund and Intercommunal Intervention (FEICOM), making a contribution of 5.4 billion CFA francs, while the share of the CUD will amount to 600 million CFA francs.
The Steering Committee of the New- Deido market construction project, whose implementation is mainly aimed at the realization of the project, stated that it had taken into account the business plan of this project quartered on economic concerns and social considerations.
In this perspective, an emphasis has been placed on the functionality of buildings, a neighbourhood market , « integrating all the functions of the market as we find them in our social and economic framework, » declared the government delegate to the CUD, Fritz Ntonè Ntonè.
After obtaining the necessary financial agreement, the actual work will begin in 2018.
The main Economic town of Douala in the country, has about thirty markets mostly in a more or less unsanitary state. An absence of adequate market landscape pushes traders to turn sidewalks and other roads into market spaces, not to mention the resurgence of fires often caused by the poor condition of the facilities.