Maputo — The Islamic Development Bank (IDB) on Sunday approved a soft loan of 99.7 million dollars to finance the high voltage 400 kv electricity transmission line from Temane, in the southern Mozambican province of Inhambane, to Maputo.
According to a source in the Ministry of Mineral Resources and Energy, contacted by AIM on Thursday, the total cost of the transmission line in 550 million dollars. The World Bank has already promised a loan of 420 million dollars, and Norway a grant of 30 million dollars. Thus, with the new loan from the IDB, the total amount required is now available.
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