IFC will structure the rollout of low-cost hospitals that will offer quality medical care at affordable prices
IFC, a member of the World Bank Group, is partnering with Odisha to improve health infrastructure through a public-private-partnership approach. As the lead transaction advisor, IFC will structure the rollout of low-cost hospitals that will offer quality medical care at affordable prices to all residents, especially those living in smaller towns and rural areas.
The Odisha Affordable Healthcare Project will develop between up to a dozen hospitals with 50-200 beds each. At its full capacity of 2,400 beds, the project will increase overall beds in the state by eight per cent and increase availability of private beds by 15 per cent. The project is the first large and systematic roll-out of hospitals under the PPP mode in India.
The project is expected to attract private investments of between $30-50 million. In the past, IFC has worked with the government of Odisha to promote private sector-led growth in the strategic sectors of agribusiness and tourism and implemented PPP projects in sectors such as energy-efficient street-lighting and solid waste management.
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