WB, AfDB Cover 80 Pecernt of Ethio-Kenya Power Transmission Line Construction Cost

[Addis Fortune]The World Bank (WB) and the African Development Bank (AfDB) are set to provide 80pc of the financing needed for the construction of the Ethio-Kenya power transmission line. The 1,070Km line, estimated to cost 1.26 billion dollars, will be jointly funded by the WB and the AfDB, which will lend the two countries 684 and 338 million dollars, respectively.