NEW: Baku Metro's charter capital is being raised by more than 30 percent, Report reports in an exclusive.
NEW: Baku Metro's charter capital is being raised by more than 30 percent, Report reports in an exclusive.
Charter capital is the money a state company is founded with, and a rise of this size usually precedes investment: new lines, new trains or a balance-sheet cleanup before borrowing. The direction is clear: Baku's metro is being capitalised for expansion.
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