ADB and Government of Pakistan to Promote Public-private Partnership Projects in Health Care Sector

ADB and Government of Pakistan to Promote Public-private Partnership Projects in Health Care Sector – It will strengthen health care capacity.

The Asian Development Bank (ADB) and the Government of Punjab recently signed an MoU to promote public-private partnership projects in Punjab’s health care sector.

The signing ceremony was held in Lahore by the Head of Public-Private Partnership Cell of Planning and Development Board of Punjab Dr. Farrukh Naveed and ADB Country Director for Pakistan Xiaohong Yang. Chairman Planning and Development Board Mr. Hamed Yaqoob Sheikh witnessed the signing ceremony.

We are pleased to assist the Government of Punjab in developing hospital PPP projects in major cities in order to strengthen health care capacity and improve quality of life for the citizens of Punjab,

It will complement ADB’s ongoing support to the PPP program in Punjab province by creating a pipeline of bankable healthcare PPP projects.

ADB Country Director for Pakistan Xiaohong Yang

In related to this, Head of ADB’s Office of Public-Private Partnership Yoji Morishita alos added:

ADB’s involvement as transaction advisor for hospital PPP projects will bring genuine improvements to health systems and we’re glad to expand our collaboration with Punjab into this crucial sector,

ADB’s advisory support for the first hospital PPP project in Punjab will help unlock investments in the sector by creating a model case with the development of template project documents based on international best practices.

We hope that the first hospital PPP project can be replicated in other cities and accelerates the development of future projects to improve the quality and affordability of health care in Punjab.

ADB’s Office of Public-Private Partnership will screen potential hospital PPP projects in ten major cities in Punjab including Bahawalpur, Dera Ghazi Khan, Faisalabad, Gujranwala, Lahore, Mianwali, Multan, Rawalpindi, Sahiwal, and Sargodha and will provide transaction advisory services to identify, prepare, structure and tender the top priority hospital projects to develop PPP’s.

It was also stated that the ADB will also provide holistic support in undertaking capacity building and development of a potential project pipeline by mobilizing technical assistance funds.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty.

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