Azerbaijan has signed a $180 million loan agreement with the Asian Infrastructure Investment Bank (AIIB) to finance the first phase of the expansion of the Baku Metro, despite the operator’s continuing financial difficulties. The agreement, signed for a 20-year term with a four-year grace period, was signed on behalf of Azerbaijan by Finance Minister Sahil Babayev. In parallel, AIIB also signed a separate project agreement with Baku Metr...

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