Completed Development AidData Chinese Aid

Chinese Government provides RMB 20 million interest-free loan for Mary Silkworm Factory Reconstruction Project (Linked to Record ID#73035)

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Turkmenistan
Country	Turkmenistan
Start Date	Dec 22, 2001
End Date	Jan 21, 2027
Duration	9,161 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69430`

Grant Description

Chinese Government provides RMB 20 million interest-free loan for Mary Silkworm Factory Reconstruction Project On December 22, 2001, 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 (captured in Record ID#69430) and an RMB 10 million grant (see Record ID#73035) to support the implementation of this project

📅 Maturity20 years

The purpose of the project was to reconstruct a silkworm factory (breeding farm) in the city of Mary.

Prior to the implementation of the project, the silkworm factory (breeding farm) featured outdated technology, an incomplete production process, and a low production level from the Soviet era.

China Jiangsu International Economic And Technical Cooperation Group, Ltd. was the contractor responsible for implementation.

The project was officially completed and handed over to the local authorities on May 5, 2003 and the factory was put into use in October 2003.

📋 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.The Russian project title is стали реконструкция и техническое перевооружение Марыйского грензавода. The Chinese project title is 中国援⼟马雷蚕种场改造项⽬ or 援⼟马雷蚕种场改造项⽬. Some sources suggest that the monetary value of the grant that supported this project was RMB 15 million rather than RMB 10 million. This issue merits further investigation.

📚 Sources & References

Evolution of China’s Aid Policy
土库曼纺织工业
The China and Eurasia Forum Quarterly Vol 6
No 2 88 / 120
土库曼纺织工业发展趋势浅析
Turkmenistan - Retrospective of the 30th Anniversary of China's Opening to the Outside World
概况
President of Turkmenistan Saparmurat Niyazov opened the oldest silk-winding factory in the city after major reconstruction, Завершена программа государственного визита президента Туркмении в КНР, ЗАВЕРШИЛАСЬ РЕКОНСТРУКЦИЯ АШХАБАДСКОЙ ШЕЛКОМОТАЛЬНОЙ ФАБРИКИ
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.