Economy

Fako May Lose Millions From Unexecuted PIB Projects

Fako project

By Francis Tim Mbom

There are fears that Fako Division might lose over FCFA 100 million earmarked by the State for execution of some Public Investment Budget, PIB, projects, if some contractors do not hurry up.

This was one of the major concerns expressed on Thursday, October 28, as members and stakeholders of the Fako Divisional PIB Follow-up Committee sat to evaluate the execution rate of PIB projects in the Division

The Committee meeting held at the Limbe I Council was chaired by the Honourable Member of Parliament for the Fako East Constituency, Hon. Gladys Etombi alongside officials from the Divisional Delegation of the Ministry of the Economy, Planning and Regional Development.

An increase was observed this year in the number of executed projects, with 65 percent execution so far. While encouraging contractors with pending works Hon. Etombi expressed the fears that there were still some contracts in Tiko Sub Division, some in Limbe whose earmarked funds earmarked risked being sent back to Yaounde if the contracts are not engaged.

For instance, within the Tiko Sub Division, there is a road construction project worth FCFA 115 million. This said contract happens to have been divided into two lots. Lot I has to do with the construction of gutters along the old road junction in Mutengene Court Area from the main road right to the Plakeinin end worth FCFA 45 Million. This phase has to be done first before the second phase, the tarring of this stretch of road, can commence. The second phase is worth FCFA 70 Million. 

During the October 28 meeting, the officials of the Ministry of Urban Development and Housing for Fako disclosed that the construction of the gutters has just started. It was not certain if the contractors will be able to finish work in time to make way for the tarring works to begin before the deadline set by the Government for the execution of PIB contracts.

It was disclosed that contractors who have finished the works or engaged them have a deadline of November 15, 2021, to send in their bills for payment procedures to be engaged.

Meanwhile at the level of Limbe III, there was also the fear that an electrification project destined to provide light to the villagers at Bonagombe might also end up unexecuted. 

As for the above project worth FCFA 20 million, Representatives of the Limbe III Council said poles meant for the project are already at Man O War Bay, Bimbia. “The contractor says that it is difficult for him to transport the poles from Man ‘O War Bay down to the village site at Bonagombe owing to the poor state of the road.”

The state of the road leading down to Limbe III from the Man O War Bay end has, for over the years now, been a huge problem. 

But Hon. Etombi, during the session, urged the Limbe III Council to do all it takes to get the poles down to the village so as to enable the contractor do the work.

While there are fears of losing some of the funds, the Honourable was satisfied with what has been done so far, especially considering the ongoing crisis rocking the Anglophone Regions. She thanked the Representatives of the three Limbe Councils for the presentations they made on the state of their projects for this 2021. The Limbe I Council’s balance sheet showed that most of their projects have already been executed.

Related posts

Grace Chin Foundation Launches Fundraising To Assist, Empower Teen Mothers

post newspaper

CAMPOST Acquires About FCFA 23B Worth Equipment To Boost Outreach

post newspaper

Teleconsultants Equipped To Defend Victims Of Human Rights Violations

post newspaper

Leave a Comment

The Post NewspaperBuy Your Digital Copy Now!

Independent Newspaper At The Service Of The People.

We Are Not Just A Newspaper!

We Are Market Place Of Ideas!

Buy a digital copy right from home with MOMO or Credit card from where ever you are!

Open chat
1
Hello!
https://www.thepostnp.com/wp-content/upl
Hello! Welcome to The Post The Post.You can Buy The pdf copy of our magazine here https://www.thepostnp.com/e-copy/