AMP Capital acquires additional stake in the Royal Adelaide PPP Hospital

AMP Capital’s Community Infrastructure Fund has successfully acquired an additional 9.95 %  in the Royal Adelaide Hospital reaching its total interest to 27.21 %. 

The acquisition precedes the recently completed AUD$2.2 billion refinancing of the PPP which was posted earlier on our platform.

The 800-bed Royal Adelaide Hospital, delivered as a public-private partnership with the South Australian Government, is one of Australia’s most advanced hospitals and energy-efficient medical facilities. The hospital is operated by SA Health and combines clinical services, training and research facilities to deliver high quality and complex patient care.

AMP Capital Managing Director – Origination Scott Markwick said: “The acquisition continues CommIF’s successful strategy of acquiring interests in high-quality assets and follows the Royal Adelaide Hospital PPP’s successful $2.2 billion refinancing last week.”

Press release and image by AMP Capital.

Philippines Announced Two Healthcare PPP Projects “to Boost Access to Top-rated Medical Facilities”

The University of the Philippines – Philippine General Hospital aims to its ambitious plan to expand medical services by building new Cancer Center and a world-class 700-bed hospital. Both projects are a part of the government’s line-up of critical healthcare projects under PPP scheme, providing world-class medical facilities especially for vulnerable citizens. 

The first project is the Cancer Center with 200 to 300-bed, will be located in the Philippine General Hospital Manila and will be the first dedicated cancer hospital in the national capital region. The hospital will provide affordable and international quality cancer treatment for public and private patients as well as support for teaching and research activities. The Cancer Center will be equipped with surgical oncology operating rooms, diagnostic imaging and laboratories with multi-specialty outpatient care. 

The second project is Diliman Project, a world-class 700-bed hospital with integrated healthcare, teaching and research facilities and specialized services that are not usually available in other public hospitals.

Both projects are undergoing National Economic and Development Authority (NEDA) Investment Coordination Committee evaluation and approval process. 

Image credits and press release by PPP Center of the Philippines.

Australian Royal Adelaide PPP Hospital Received the World’s Largest Sustainability Loan in the Healthcare Sector

Royal Adelaide Hospital has received the world’s largest Sustainability Loan in the healthcare sector and the largest project finance Green and Sustainability Loan in Australia. The USD1.64 billion transaction achieved by consortium of 18 banks is the largest green loan for a PPP in Australia to date.

The hospital is a public private partnership between Celsus and the South Australian Government.  Royal Adelaide Hospital was the first large-scale hospital complex in Australia to achieve a 4 Star Green Star – Healthcare ‘As Built’ rating from the Green Building Council of Australia (GBCA).

Press release and image by AMP Capital.

Kazakhstan Aims to Build 20 New Multipurpose Hospitals under PPP Framework

Kazakhstan implements new standards for health infrastructure in its ambitious program of building 20 new multipurpose hospitals in the framework of the public-private partnership model.

4 out of 20 hospitals will be built under leading medical universities of the country, providing an integrated approach to science, education, healthcare and increasing efficiency of the clinical trials.

One of such hospitals will be United University Hospital at Medical University of Astana, with 800 beds and will comply with JCI international standards. The hospital will have inpatient and outpatient facilities, a consultancy and diagnostic center, a research and development laboratory, a clinical laboratory and classrooms.

Image credits and press release: Official Information Source of the Prime Minister of the Republic of Kazakhstan

Upcoming Tender for 2 PPP Hospitals in Peru

Earlier this year, our colleague from Peru Jaime Li reported  about two PPP healthcare projects in pipeline promoted by the Social Health Insurance Board (EsSalud). These projects are in the formulation stage by the Private Investment Promotion Agency – PROINVERSION. We are expecting the announcement of tender soon. The projects are:

New High Complexity Hospital in Chimbote, Peru:

  • Design, construction, and provision of hospital equipment
  • Provision of non-clinical services (cleaning, security, waste management, maintenance of equipment and facilities, etc.)
  • Contract term: 20 years including investment stage.
  • Investment value: approximately US$ 110 million

New High Complexity Hospital in Piura, Peru:

  • Design, construction, and hospital equipment (Clinic and Non-Clinic)
  • Provision of non-clinical services
  • Contract term: 20 years including investment stage.
  • Investment value: approximately US$ 144 million

PPPHealth4All  provides  services for all stakeholders involved in  building healthcare PPPs. Book a meeting to find out more.

Call for Tender of the Hospital de La Serena in Chile

The Ministry of Public Works in Chile announced the call for bids for 668 beds Hospital de La Serena. The project, which is part of the National Plan for Investments in Health, will benefit about 723 thousand residents of the communes of La Serena, La Higuera, Vicuña and Paihuano and other benchmarks in the Coquimbo Region.

The Minister of Public Works, Alfredo Moreno, specified that with the call for bids for the Hospital de La Serena, a new step is taken in fulfilling the goal of tendering 10 projects, involving 19 hospitals and an investment of USD 2,415 between 2018 and 2022: “In these times of pandemic, providing new hospital facilities to different regions of the country becomes even more urgent, and the concession mechanism gives us a great opportunity to build first-rate infrastructure, with the certainty of maintaining its standard of service in time. We have already made a call for tenders for four projects (which include 12 hospitals) and within the second quarter of this year we will call for the new Coquimbo Hospital, which will allow us to deliver a wide coverage of care to the Coquimbo Region ”.

The project involves an investment of UF 6,146,350 (USD 261K) for the design, construction and maintenance of the new facilities, as well as the provision, replacement, assembly and maintenance of medical equipment and furniture. The term of the concession is approximately 19 years. The new hospital will have capacity for 668 beds, distributed in 146 for critical patients, 332 medical-surgical beds, 90 gyneco-obstetric, 48 pediatric, 18 neonatological and 34 for adult psychiatry. To this will be added 15 pavilions, 85 boxes for medical, dental and non-medical consultations, 6 rooms for comprehensive childbirth care and an emergency service.


10 prequalified companies are invited to submit a bid. It is estimated that this project will be started at the end of 2021 year and that the construction will take place during the first quarter of 2023, which would allow the hospital to operate in the first half of 2026.

The deadline for submission is June 13, 2021.

More information 

International Request for Expression of Interest for two PPP Transaction Advisory Services projects in Bangladesh

The Public Private Partnership Authority of Bangladesh  (PPPA) has launched an International Request for Expression of Interest (EOI) (Firm) for two projects:
 
1) PPP Transaction Advisory Services for “Establishment of 50-Seat Medical College and upgradation and Modernization of Existing Railway Hospital in to 250 beds at Saidpur in Nilphamari” and 
 
2) PPP Transaction Advisory Services for “Establishment of 50-Seat Medical College and upgradation and Modernization of Existing Railway Hospital in to 250 beds at Paksey in Pabna”.
 
Deadline for submission: April 27, 2021.
 

More information

EoI for International Legal Consultant for Philippine General Hospital Cancer Center PPP

Expression of Interest
Deadline: 05-Apr-2021 at 11:59:59 PM (Eastern Time – Washington D.C.)
 

Assignment Title: 1273669 – International Legal Consultant for Phase 2 of Philippine General Hospital Cancer Center PPP

Assignment Country:
– Philippines

The University of Philippines – Philippine General Hospital (UP-PGH) is seeking to implement a 30-year Build Transfer Operate (BTO) Mixed Public Private Partnership (PPP) for a 200-300 bed dedicated cancer center located within PGHs Metro Manila campus (the Project). 

Phase 1. “Due Diligence” phase has been completed, including legal, technical, economic, financial, and E&S due diligence, and the proposed transaction structure has been defined. The Project is currently under deliberation by the National Economic Development Authority to proceed to the Phase 2. Tender Implementation Phase. 

IFC, in its capacity as the lead transaction advisor, is looking to appoint an international law firm to provide legal support during the Phase 2 tender implementation of the Project. The Consultant will in turn have selected and subcontracted with a recognized law firm in Philippines.

The World Bank Group intends to finance the assignment / services described below under the following:
– BANK BUDGET
– FMO – PGH Cancer

ELIGIBILITY
The consultant will be a firm. The World Bank Group now invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals).  Consultants may associate to enhance their qualifications. Interested firms are hereby invited to submit expressions of interest via https://wbgeconsult2.worldbank.org/

PPPHealth4All could assist with bidding and finding local and international law firms to partner.

Plenary Health achieves financial close on New Footscray Hospital project

MELBOURNE, AUSTRALIA: The Plenary Health consortium has achieved financial close on the single largest health infrastructure investment in the State of Victoria, the $1.5 billion new Footscray Hospital.

The new hospital will feature more than 500 beds, enabling care for almost an additional 15,000 patients and an extra 20,000 people to be seen by the emergency department each year.

It will also deliver more outpatient, palliative care and mental health services ensuring the community can access quality care closer to home.

The hospital is being delivered as a public-private partnership, with Western Health as the public operator of all clinical services and Plenary Health contracted by the Victorian Government to finance, design, construct, and maintain the hospital for 25 years following construction completion. The Plenary Health consortium comprises:

  • Plenary Group as sponsor, investor and asset manager
  • Multiplex as builder
  • Honeywell and Compass Group as facility services providers; and
  • Sojitz Corporation as investor

An integrated design team is led by Cox Architecture and Billard Leece Partnership.

Plenary Chief Investment Officer Paul Crowe said all consortium partners were honoured to be part of such an historic project. “It is a rare privilege to deliver such a significant project, one that will ultimately transform access to health services in Melbourne’s west,” Mr Crowe said.

“In bringing this project to life, the community has always been our focus and we look forward to delivering this hospital for patients and families, for staff, and the people of the western suburbs. “We look forward to working closely with the Victorian Government and Western Health to deliver this much-needed and critical piece of health infrastructure.”

Equity financing is provided by Plenary (70%) and Sojitz (30%). Debt is being provided by leading domestic and international banks NAB, Westpac, Mizuho, Norinchukin, Crédit Industriel et Commercial and Nippon Life. Construction is expected to get underway shortly, and the new hospital is set to be completed in 2025.

About Plenary Group

Plenary is a leading independent long-term investor, developer and manager of public infrastructure with 19 assets under management in Australia worth more than A$23 billion – part of a global portfolio worth more than A$44 billion across Australia, Canada and the US. Plenary adopts a holistic approach to delivering projects that embraces finance, design and construction, commercial development, asset management and operations.

www.plenarygroup.com

About Multiplex

Multiplex is a premier, global construction company with offices in Australia, India, the UK, the Middle East and Canada. Established in Australia in 1962, it has delivered more than 1,000 projects with a combined value of US$80 billion. It has expertise across the residential, health, retail, commercial, tourism, education, engineering and infrastructure sectors.

www.multiplex.global

About Honeywell

Honeywell Building Technologies is transforming the way every building operates to help improve the quality of life. HBT is a leading building controls company with operations in more than 75 countries supported by a global channel partner network. Commercial building owners and operators use its hardware, software and analytics to help create safe, efficient and productive facilities. Its solutions and services are used in more than 10 million buildings worldwide.

www.buildings.honeywell.com

About Compass Group

Compass Group is one of Australia’s largest food and support services company, employing more than 11,000 people in over 478 locations. Providing world-class food and support services to clients in Australia for more than forty years, Compass Group nourishes the bodies, minds and souls of thousands of people every day through food and support services focused on health and wellbeing.

www.compass-group.com.au

About Sojitz Corporation

Sojitz is a leading trading and investment company consists 423 subsidiaries and affiliates located in Japan and throughout the world. Sojitz provides solutions to the project utilising global network and more than 150 years’ experience of coordinating projects in a broad range of sectors.

www.sojitz.com/en

Christopher Whitefield

Executive Director, Communications
+61 3 8888 7754
+61 418 530 806
christopher.whitefield@plenarygroup.com.au

More information

Technical Consultant for the Phase 0 Preliminary Regional Assessment and the Project Concept Development for the Ukraine Health PPP

IFC is seeking the assistance of a Technical Consultant (the “Consultant”) to conduct identification of bankable transaction structures and technical, economic and financial / affordability assessment of the following options:

  • Hospital consolidation PPP: construction of a new multi-profile hospital at the site of the LEH. The model envisions attracting a private investor to finance, design, build, equip and maintain a new multidisciplinary hospital (PFI model) via consolidation of existing outdated public hospitals. Under the model, the staff and other resources of the old public hospitals will be consolidated and will continue delivering clinical services in the newly constructed hospital. The outdated participating hospitals will be closed or used for other purposes.
  • Laboratory PPP: the Project envisions attracting a private investor to build, equip and operate a network of laboratories using hub-and-spoke model and delivering a wide range of quality medical tests to participating public healthcare facilities in Lviv to patients referred and reimbursed for by public facilities (the “Public patients”) and patients paying out-of-pocket and/or referred by private clinics or self-referred (the “Private patients”);
  • Imaging PPP: it is expected that the private operator will be attracted to finance, equip, maintain, operate a network of imaging centers and to deliver imaging diagnostics services to public and private patients and hospitals, part of which could be interpreted through telemedicine-based IT solutions.
Deadline for submission of EoI – 11 March 2021.