Completed Development AidData Chinese Aid

Chinese Government provides RMB 20 million interest-free loan for Ashgabat Silk Factory Reconstruction Project (Linked to Record ID#73037)

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Turkmenistan
Country	Turkmenistan
Start Date	Jan 01, 2002
End Date	Apr 19, 2031
Duration	10,700 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69312`

Grant Description

Chinese Government provides RMB 20 million interest-free loan for Ashgabat Silk Factory Reconstruction Project In 2002, the Chinese and Turkmen governments signed an exchange of letters for the Ashgabat Silk Factory Reconstruction Project.

📋 Loan / Grant Terms

💰 Loan Amountwith a 20-year maturity and 10-year grace period (captured in Record ID#69312) as well as an RMB 15 million grant (see Record ID#73037) to support the implementation of this project

📅 Maturity20 years

⏳ Grace Period10 years

The purpose of the $3.8 million USD project was to reconstruct a silk production complex (silk factory) in Ashgabat (also known as the Ashkhabad Filature).

The factory, built during the Soviet era, featured outdated technology, an incomplete production, and a low production level before the implementation of this project.

Shanxi Zhongxu International Trade Industrial Co., Ltd. (山西中旭国际贸易实业公) was the contractor responsible for project implementation. The project commenced in February 2003 and a project completion ceremony took place on February 12, 2004.

📋 Staff Comments

Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.
This project is also known as the Silk Production Complex Reconstruction Project. The Chinese project title is 中国援土阿什哈巴德缫丝厂 or 阿什哈巴德缫丝厂. The Russian project title is стали реконструкция и техническое перевооружение Ашхабадской шелкомотальной фабрики or реконструкцию Ашхабадской шелковой фабрики.

📚 Sources & References

The China and Eurasia Forum Quarterly Vol 6
No 2 88 / 120
概况
Evolution of China’s Aid Policy
Turkmenistan - Retrospective of the 30th Anniversary of China's Opening to the Outside World
Turkmenistan spinning new life into its silk industry
土库曼纺织工业
土库曼纺织工业发展趋势浅析
孙殿卿参赞考察调研中国政府援土缫丝厂和丝绒厂技术合作项目, china_data_032010[1].xlsx
President of Turkmenistan Saparmurat Niyazov opened the oldest silk-winding factory in the city after major reconstruction
Production starts rolling at revamped Turkmen silk complex, Завершена программа государственного визита президента Туркмении в КНР, ЗАВЕРШИЛАСЬ РЕКОНСТРУКЦИЯ АШХАБАДСКОЙ ШЕЛКОМОТАЛЬНОЙ ФАБРИКИ, ЗАВЕРШАЕТСЯ РЕКОНСТРУКЦИЯ АШХАБАДСКОЙ ШЕЛКОМОТАЛЬНОЙ ФАБРИКИ, Турки и китайцы возрождают Ашхабадскую шелкомотальную фабрику
土库曼斯坦--中国对外开放30周年回顾展 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Government of Turkmenistan

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