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Overview

Chinese Government provides RMB 15 million grant for Ashgabat Silk Factory Reconstruction Project (Linked to Record ID#69312)

Commitments (Constant USD, 2023)$4,183,726
Commitment Year•2002Country of Activity•TurkmenistanDirect Recipient Country of Incorporation•TurkmenistanSector•Industry, Mining, ConstructionFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2002
Start (actual)
Feb 1, 2003
End (actual)
Feb 12, 2004

Geospatial footprint

Map overview

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This project involved the reconstruction of a silk factory in the city of Ashgabat. More detailed locational information can be found at https://www.openstreetmap.org/way/422575028

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Turkmenistan

Implementing agencies

Private Sector

  • Shanxi Zhongxu International Trade Industrial Co., Ltd.

Loan desecription

Chinese Government provides RMB 15 million grant for Ashgabat Silk Factory Reconstruction Project (Linked to Record ID#69312)

Narrative

Full Description

Project narrative

In 2002, 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 (see Record ID#69312) and an RMB 15 million grant (captured in Record ID#73037) to support the implementation of this project. The purpose of the $3.8 million 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 The factory, built during the Soviet era, featured outdated technology, an incomplete production, and a low production level before the implementation of this project.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. It was attended by the President of Turkmenistan Saparmurat Niyazov and Chinese Ambassador Lu Guicheng.

Staff comments

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.