Islam Development Bank Loans 1.2 Billion to Mozambique
According to introducing the line will be a long distance high voltage transmission line that would connect Zambezia and Nampula. In addition it will replace of the existing overloading transmission line to meet the growing demand for electricity in northern and central regions. The total cost of the project is US $600 million or so.
Apart from providing financing loans Islam Development Bank has signed two training cooperation agreements including models of the financial contracts in the entrepreneurial perspective and social investment.