Summary of Proposed Investment
Project Number
7023
Company Name
P.T. Gleneagles Hospital Corporation
Date SPI Disclosed
Jul 13, 1995
Country
Indonesia
Industry
Health, Education and Life Sciences
Status
Completed
Sector
Hospitals and Clinics
Department
Regional Industry - MAS Asia & Pac
Environmental Category
B - Limited
Previous Events
Approved : Sep 26, 1995
Signed : Jul 2, 1996
Invested : Sep 30, 1996
Project Description
Summary Of Project Information (SPI)
| Project Name | Indonesia-Rumah Sakit Siloam Gleneagles Hospital (RSSG). |
| Region | Asia |
| Sector | Health Care |
Project No007023
Projected Board DateAugust 22, 1995
Company NameGleneagles Hospital Corporation
Technical Partner and/or Major Shareholders
Technical Partner is Gleneagles Management Services Pty. Ltd. of Singapore, affiliate of well-known Singapore private sector hospital, Gleneagles. Gleneagles’ principal shareholder owns 30% of the Project Company. Lippo Land, the well-known publicly-traded Indonesian developer of Lippo Karawaci, owns 70% of the Project Company.
Project Cost Including proposed IFC investment
US$48 million.
Proposed IFC Investment: IFC “A” Loan - US$8.3 million
Quasi Equity - US$3.6 million
Location of project and Description of site
Located at Lippo Karawaci (“Lippo Village”), about 25 km west of Jakarta, a privately-financed urban development comprising housing, schools, shops, hotel, sports facilities and the Project hospital.
Description of Company and Purpose of Project
Project is aimed at providing high-quality hospital care to residents of Greater Jakarta seeking private health care.
Environmental Category and Issues
The project is classified as category “B” under IFC’s environmental guidelines. Hazardous and non-hazardous wastes will be segregated at the source and stored in color-coded, labeled receptacles in accordance with recognized best management practices for hospital wastes. Non-hazardous waste will be removed and disposed of by Lippo Karawaci services. Liquid effluents will be discharged to the municipal sewers, or pre-treated as necessary in Lippo Karawaci’s own wastewater treatment facility. RSSG will construct an approved incinerator for the safe disposal of medical waste. Waste handling and removal will be based on and adapted from the current practices of Gleneagles in Singapore. The sponsors will meet all relevant local and World Bank/IFC guidelines.
The will be from the Public Information Center by July 21, 1995.
| Date SPI sent to PIC | July 13, 1995 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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