Summary of Proposed Investment
Project Number
10058
Company Name
Zibo Wan Jie Tumor Hospital
Date SPI Disclosed
May 15, 2000
Country
China
Industry
Health, Education and Life Sciences
Projected Board Date
Jun 26, 2000
Status
Completed
Sector
Hospitals and Clinics
Department
Regional Industry - MAS Asia & Pac
Environmental Category
B - Limited
Previous Events
Approved : Jun 26, 2000
Signed : Nov 28, 2001
Invested : May 9, 2002
Project Description
The project consists of an expansion of Wan Jie Hospital''s existing facilities located in Zibo, Shandong Province, about 150 miles east of the provincial capital, Jinan. The proposed expansion includes the installation of a Proton Treatment System (PTS) to be housed in a new 600 bed facility. Construction of the new facility is expected to commence in the third quarter of 2000 and operations would commence in the second quarter of 2002.
Cancer is the leading cause of mortality and is increasingly becoming a major healthcare issue in China. IFC proposes to provide long-term, limited recourse financing for the construction of a world-class cancer treatment facility that would serve the growing needs of the Chinese population. As part of the project, IFC is also facilitating a strategic alliance between the Zibo Wan Jie Tumor Hospital and one or two internationally renowned North American hospitals to improve overall operations.This project also supports the government''s recent decision to corporatize/privatize healthcare service delivery to minimize the drain on government resources and improve overall services.
Cancer is the leading cause of mortality and is increasingly becoming a major healthcare issue in China. IFC proposes to provide long-term, limited recourse financing for the construction of a world-class cancer treatment facility that would serve the growing needs of the Chinese population. As part of the project, IFC is also facilitating a strategic alliance between the Zibo Wan Jie Tumor Hospital and one or two internationally renowned North American hospitals to improve overall operations.This project also supports the government''s recent decision to corporatize/privatize healthcare service delivery to minimize the drain on government resources and improve overall services.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
(a) Zibo Wan Jie Tumor Hospital, Economic Technology Development Zone, Boshan District, Zibo City, Shandong Province
(b) Further information may also be sought by contacting: pgopalan@ifc.org