AZERI GOVERNMENT, BNP PARIBAS SIGN LOAN AGREEMENT

Baku, December 9 (AzerTAc). French bank BNP Paribas has allocated $270 million in loan to the government of Azerbaijan. The loan is designed for reconstruction of the Baku-Shemakha-Yevlakh highway and a section of the Muganly-Yevlakh highway.
The loan was granted for 14 years with a 4-year grace term.