Summary of Proposed Investment
Project Number
7736
Company Name
MedCen Samoa Limited
Date SPI Disclosed
Jul 11, 1996
Country
Samoa
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 : Feb 23, 1995
Invested : Nov 24, 1998
Project Description
revised Summary Of Project Information (SPI)
| Project Name | Western Samoa-Medcen Samoa Ltd. |
| Region | Asia - Pacific |
| Sector |
Projected Board DateSeptember 30, 1996
Company NameMedCen Samoa Ltd.
Technical Partner and/or Major Shareholders
MedCen Samoa Ltd. is based in Apia, Western Samoa. Technical assistance will be given to start up its business to include a 22 private bed hospital, thus alleviating the constraints on the Western Samoan public health system.
Project Cost Including proposed IFC investment
The total project cost is estimated at US$2.4 million. IFC is expected to contribute US$400,000 venture loan (through PIIF, the Pacific Islands Investment Facility).
Location of project and Description of site
The project will be located on 3 acres of land at Avele, Vailima, approximately five kilometers from Apia.
Description of Company and Purpose of Project
A loan of US$400,000 will be made to MedCen Samoa, Ltd. by IFC’s Pacific Islands Investment Facility (PIIF). This would be PIIF’s second investment in Western Samoa. The proposed 5 year loan and technical assistance package would help MedCen Samoa commence its operations, while alleviating the constraints on the Western Samoa public health system. IFC’s role will be to provide the funds and technical assistance necessary to help construct a well equipped medical facility in Western Samoa. The facility will include a 24 hour outpatients center, pathology service, community clinic and screening service for breast and cervical cancer. Hospital will upgrade standards, relieve pressures on public system, incorporate special programs to bring benefits to wider community, save foreign exchange, and by providing improved health care support increased tourism and foreign investment.
Environmental Category and Issues
This is a category B project according to IFC’s environmental review procedure because specific impacts may result which can be avoided or mitigated by adhering to generally recognized standards, guidelines or design criteria.
The is from the Public Information Center.
| Date SPI sent to PIC | June 25, 1996 |
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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