Baku Metro Expansion Investment Project (ADB-59411-001)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Azerbaijan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Baku
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Baku Metropolitan CJSC (Baku Metro)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 850.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 850.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 14, 2026

Disclosed by Bank Apr 29, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the ADB, Baku Metropolitan Closed Joint Stock Company (Baku Metro) is preparing for a network expansion project, comprising 20 km of tunnels, 9 stations, 2 depots and additional rolling stock (300 cars) with a total estimated cost of $2.6 billion. The expansion is needed to increase coverage of metro services in the greater Baku area, which is confronted with heavy traffic congestion. In combination with the modernization of operational systems, the expansion project is expected to increase the system's capacity by 25 million passengers a year, mainly by reducing the train interval from 2:00 minutes to 1:45 minutes.

Metro ridership has grown rapidly over the past years to an extent that network extension and increased service frequency are needed to serve to (potential) demand. Baku Metro is preparing for a project, comprising construction 20 km of tunnels for 2 lines, the Green Line and the Purple Line, 9 new stations (4 along the Green Line, 5 along the Purple Line), 2 depots and the purchase of additional rolling stock (300 cars) with a total estimated cost of $2.6 billion. The investment program is needed to increase coverage of metro services in the greater Baku area, which is confronted with increasing traffic congestion. In combination with the modernization of operational systems, the project is expected to increase the system's capacity by 25 million passengers a year, mainly by reducing the train interval from 2:00 minutes to 1:45 minutes.

The Program loan is an integral part of the State Program on the Improvement of Transport Infrastructure in Baku City and Surrounding Areas for 2025-2030, approved on 30 January 2025. The Program aims to improve the transport infrastructure of Baku City and surrounding areas, accelerate economic development, and improve the quality of life of people in accordance with the General Plan of Baku City (2020-2040). The Program is prepared and is to be implemented in close coordination between the national, regional and local key stakeholders and is developed within a comprehensive approach to create a greener, more inclusive, and economically prosperous urban landscape in Baku.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Baku Metropolitan CJSC Client Transport

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leader:

Jurgen Sluijter
Email: jsluijter@adb.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

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