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The BMRE scheme for the Pakistan Steel, which had commenced commercial operations at all its sections only during 1985-86, has a chequered history.
The PC-1 of the BMRE was initially prepared in 1993, which could not be implemented.
The BMRE is expected to cost $ 2.2 billion, which cannot be arranged by Pakistan under the prevalent economic conditions.
The value of the BMRE project is estimated at around $1 billion (Dh3.67 billion).
The Expression of Interest is being submitted by Beximco and Marasel in response to a notice by Bangladesh Petroleum Corporation/Eastern Refinery Limited (ERL) inviting national and international companies to finance the BMRE project of Eastern Refinery for augmenting its capacity.
The BMRE of ERL has become necessary to ensure desired energy security, produce eco-friendly fuels, complying with Euro-III specification and offset petroleum products deficit.
The Plan said that major projects to be carried out in industry sector during 2010-11 included Establishment of (8) Advance CAD/CAM Training Centers (Rs321.1 million), Ceramics Development and Training Complex (Rs314.5 million), Development Pakistan Gem and Jewellery Development Company (Rs1,400 million), Development of Marble and Granites Sector (Rs1,980 million), Sports Industries Development Center, Sialkot (Rs435.64 million), Agro Food Processing Facilities Multan (Rs288.920 million), Export Processing Zones and Area Development Balochistan including ROZs (Rs4,000 million) and BMRE of Heavy Mechanical Complex Taxila (Rs23,428.2 million).
The industry will also require balancing, modernization, rehabilitation and expansion (BMRE) of its existing facilities, under a phased programme, to achieve optimal indigenization of plant machinery.
According to a proposed agreement, Russia will co-operate for BMRE (Balancing, Modernisation, Revamping and Expansion) of PSM as agreed.
The Federal Cabinet agreed in principle to start negotiations for modernization and expansion of Pakistan Steel Mills and allowed Ministry of Production to engage in negotiations with their counterpart Ministry in Russian Federation for finalizing details for proposed BMRE and capacity expansion of Pakistan Steel Mills.
The Plan said that major projects to be carried out in Industry Sector during 2010-11 included: Establishment of (8) Advance CAD/CAM Training Centers (Rs 321.1 million), Ceramics Development & Training Complex (Rs 314.5 million, Development Pakistan Gem & Jewellery Development Company (Rs 1,400.0 million), Development of Marble and Granites Sector al over Pakistan (Rs 1,980.0 million), Sports Industries Development Centre, Sialkot (Rs 435.64 million), Agro Food Processing Facilities Multan (Rs 288.920 million), Export Processing Zones and Area Development Baluchistan including ROZs (Rs 4,000 million) and BMRE of Heavy Mechanical Complex Taxila (Rs 23,428.2 million).
ISLAMABAD, July 13, 2010 (Balochistan Times): The Ministry of Industries & Production has sought the approval of the prime minister for Chinese concessional loan of Rs23.428 billion ($173.17 million) for the Balancing Modernisation Replacement & Expansion (BMRE) of the Heavy Mechanical Complex, Taxila, it was learnt here on Tuesday.
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- BMRS, Ohdo type
- BMRT Ordinary Rendering GUI
- BMS 1