A deal to construct a modern three-story market building has been hatched with the Government and People of Japan approving a grant of US$ 217,780.00 for the commencement of phase one of the Modern Duala Market Project which includes the fencing, lightening, construction of reservoir and pit latrines.
A Foreign Ministry release of March 30, 2020 Signed by Assistant Minister for Public Affairs Sylvester K. Pewee said the second phase of the project entails the construction of a three-story market building which will have a parking lot, office space and a concrete garbage disposal site. The Modern Duala Market will accommodate a little over five thousand marketers.
The release furthered disclosed that the objective of the Construction of a Modern Duala Market is to decongest the corridor for the easy movement of goods and people and to also accelerate economic activities in that part of the country and its immediate surroundings.
The proposed Modern Duala Market will be financed by the Japanese Counterpart Value Fund currently being managed and operated by the Japanese Counterpart Valued Fund Secretariat at the Ministry of Foreign Affairs.