25 June 2007

Cameroon: MAETUR Celebrates 30th Anniversary

Labour and acknowledgement medals were awarded to some staff of the institution over the weekend in Yaounde.

Activities to commemorate the 30th anniversary of the Urban and Rural Land Development Authority, better known by its French acronym as MAETUR ended over the weekend with the award of labour and acknowledgment medals to some workers of the institution. Presiding at the ceremony, the Minister of State Property and Land Tenure, Louis-Marie Abogo Nkono, told the administration and personnel of MAETUR that much is expected from them at a time when Cameroon's economy is improving due to the achievement of the Completion Point of the Heavily Indebted Poor Countries Initiative (HIPC).

While pleased with the frank collaboration that exist between the personnel and administration of MAETUR, Minister Louis-Marie Abogo Nkono said time has come for the institution to move on in promoting real estate and better town planning in Cameroon. According to the Director of MAETUR, André Mama Fouda, within the last 30 years MAETUR has worked on projects worth more than CFA 200 billion. Amongst which is the development of the new town centre in Yaounde, traditionally referred to as the 20th May Boulevard, preliminary site works for the pilot SIC project of 1200 houses in Yaounde, Douala and Edea, triennial 1 housing project of 7500 SIC houses in Yaounde, Douala and certain provincial headquarters, control of road repair works in the city of Yaounde, studies concerning the site of the Agricultural Shows of Maroua, Ebolowa and Bertoua, as well as studies and supervision of the realisation of the layout "les Hauteurs du golf" owned by SOCIA (Societe Civile immobiliére de L'Afamba). Over one million of Cameroonians live in neighbourhood arranged and settled by MAETUR .

Besides such achievements, André Mama Fouda said the institution is on a crossroad as they need to know what direction to take henceforth given that the establishment has undergone a lot of financial difficulties due to the economic crisis that hit the country.

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