PESHAWAR
\nInternational Finance Corporation (IFC) Tuesday signed an agreement with the government of Khyber Pakhtunkhwa to help arrange a landmark Public-Private Partnership (PPP) for the construction of a state-of-the-art hospital with up to 500 beds on ring road in provincial capital.
\nPeshawar\u2019s population has increased by 52 percent over the last two decades. That has increased stress on the city\u2019s healthcare facilities, which have been further exacerbated by the pandemic and an influx of patients from surrounding districts and neighboring Afghanistan.
\nUnder the agreement, IFC, a member of the World Bank Group, will support the government of Khyber Pakhtunkhwa in structuring the PPP transaction. IFC\u2019s team will also assist the government in running a transparent, competitive bidding process to select a private sector developer and operator for the hospital, which will deliver tertiary care.
\n\u201cThis project is a monumental step towards fulfilling KP\u2019s promise of increasing accessibility to quality tertiary healthcare across the province. It will demonstrate the ability of leveraging the Sehat Sahulat card to attract private sector investment in the construction and operation of tertiary care facilities,\u201d said Taimur Khan Jhagra, KP\u2019s Finance and Health Minister.
\nPeshawar is the sixth largest city in Pakistan with a population of approximately two million and accounts for nearly a third of total hospital admissions in Khyber Pakhtunkhwa. The new PPP complements a $400 million World Bank-sponsored project aimed at strengthening the province\u2019s healthcare system.
\n\u201cQuality, affordable and accessible healthcare is critical for Pakistan\u2019s economic growth and development,\u201d said Zeeshan Sheikh, IFC Country Manager for Pakistan and Afghanistan.
\n\u201cLeveraging the private sector\u2019s capital and know-how will help spur development in this key sector, improving the quality of service for patients and providing a financially sustainable model for scaling up investment.\u201d
\nThe project is part of the World Bank Group\u2019s strategy in Pakistan to support private sector development, create markets, and accelerate improvements in public service delivery.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR International Finance Corporation (IFC) Tuesday signed an agreement with the government of Khyber Pakhtunkhwa to help arrange a landmark Public-Private Partnership (PPP) for the construction of a state-of-the-art hospital with up to 500 beds on ring road in provincial capital. Peshawar\u2019s population has increased by 52 percent over the last two decades. That has […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-262449","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-peshawar"},"yoast_head":"\n