The Asian Development Bank (ADB) and the Government of Punjab have signed a Memorandum of Understanding to jointly promote PPP projects in Punjab’s health care sector

Under the MOU, 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. ADB will also provide holistic support in undertaking capacity building and development of a potential project pipeline by mobilizing technical assistance funds.

“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 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 quality and affordability of health care in Punjab.” said Head of ADB’s Office of Public-Private Partnership Yoji Morishita.

Image: courtesy of the ADB: Signature of MoU 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 at the presence of the Chairman Planning and Development Board Mr. Hamed Yaqoob Sheikh.

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