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

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 Project #69312) and an RMB 15 million grant (captured in Project #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 The factory, built during the Soviet era, featured outdated technology, an incomplete production, and a low production level before the implementation of this project.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.

Additional details

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.

Number of official sources

7

Number of total sources

16