Active Development AidData Chinese Aid

Chinese Government pledges loan for Balancing, Modernisation, Revamping, and Expansion (BMRE) of Heavy Mechanical Complex in Taxila

$173.17M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Pakistan
Country	Pakistan
Start Date	Jul 13, 2010
End Date	Jun 20, 2031
Duration	7,647 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36411`

Grant Description

Chinese Government pledges loan for Balancing, Modernisation, Revamping, and Expansion (BMRE) of Heavy Mechanical Complex in Taxila In July 2010, Pakistan's Industries and Production Ministry sought the approval of the Pakistan Prime Minister for a Chinese Government concessional loan to support the for Balancing, Modernisation, Revamping, and Expansion (BMRE) of the state-owned Heavy Mechanical Complex in Taxila.

The project cost a total of RS 23.428 billion, with a foreign component of $173.17 million USD.

The project would have involved manufacturing turbines and power plant equipment indigenously, making the country more self-sufficient in energy needs. Whether the Chinese Government supported the foreign financing component is unclear.

📋 Staff Comments

China first helped Pakistan to develop a heavy mechanical complex in Taxila in 1968.

📚 Sources & References

Pakistan: Chinese loan for Heavy Mechanical Complex
Ministry seeks PM’s approval for $173.17m Chinese concessional loan for HMC
Yearbook 2015-16
CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC): CHALLENGES AND THE WAY FORWARD 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.