According to the Minister, the road which is at 88% completion, will link the South and East regions of the country, to the Kribi deep Seaport, in the Littoral region.
Tenders to recruit a competent audit firm to carry out the job have already been sent out, while selection of the audit firm would soon be made and announced to the public.
The aim of this exercise is to ascertain how much money, Exim Bank of China had put into executing the project. As per the terms of the job contract, the government of Cameroon is supposed to reimburse the Chinese financiers, the complete amount of money, they put to the completion of the project. Chinese company Chec, is responsible for the works done so far.
The audit firm will inquire, whether the process of acquiring goods and equipment was done in accordance with the terms of the contract, especially as related to financing and incurring expenditure. The auditors will also verify whether all financial transactions were appropriately entered into accounting records of the company and if such records and accounting books were properly kept, preserved and submitted to banks and other authorities as suggested, in the contractual terms.
Terms of the project states that, the 38.5 kilometre stretch of road is suppose to be a dual carriage way with three lanes on each side. The road should be able to provide three metres of emergency stop points, with European standards, as well as 100 km/hour speed control boards and panels. The contractors were also required to make provision for a 10-metre allowance on both sides which would serve for possible expansion of the road in future.
Following delays observed on the construction of the Yaoundé-Douala motorways (first 80 km) and Yaoundé-Nsimalen (20 km to serve the airport of the capital), the Kribi-Lolabé highway was expected to be delivered in late 2018.
The total cost of this motorway project is officially estimated at 250 billion CFA francs, financed 86% by Exim Bank of China and 15% by the State of Cameroon. According to government projections, the Kribi-Lolabé highway will later join the Edéa-Kribi highway, which will easily connect the deep sea port of Kribi to Douala.