Chinese Government provides RMB 10 million grant to Turkmenistan for Mary Silkworm Factory Reconstruction Project (Linked to Record ID#69430)

Project narrative

On December 22, 2001, the Chinese and Turkmen governments signed an exchange of letters for the Ashgabat Silk Factory Reconstruction Project. China’s Ministry of Commerce provided an RMB 20 million interest-free loan with a 20-year maturity (captured in Record ID#69439) and an RMB 10 million grant (see Record ID#73035) to support the implementation of this project. 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 Prior to the implementation of the project, the silkworm factory (breeding farm) featured outdated technology, an incomplete production process, and a low production level from the Soviet era.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.