The International Finance Corporation (IFC) is helping the Indian state of Meghalaya to establish its first public-private partnership (PPP), for a new hospital and medical college. The two institutions are being set up in Shillong to address the shortage of medical services in the northeast.
As lead transaction adviser, the IFC is lending its expertise to assist the government to structure and implement the PPP for the project.
A private developer was chosen to develop a 500-bed teaching hospital and a medical college offering 100 MBBS (professional medical degree) seats on a design, build, finance, operate and transfer basis (DBFOT).
HSA Advocates advised the IFC and the government of Meghalaya on the PPP.
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“This is a significant project as this is the first PPP project in the health care sector in the state of Meghalaya as well as rest of India, on DBFOT basis,” said Hemant Sahai, the managing partner at HSA Advocates. “This project will pave the way for similar initiatives focusing on stimulating development in the health care sector in economically stressed regions of India.”
HSA’s team was led by Sahai along with partner-designate Pranav Singh and associates Abhijeet Mukherjee and Sunei Kapur.
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