Duncan Gleneagles Hospital Limited

completed

Summary Of Project Information (SPI)Project NameINDIA - Duncan Gleneagles Hospitals Limited    RegionAsiaSectorProject No008084Projected Board DateJune 9, 1997Company NameDuncan Gleneagles Hospitals LimitedTechnical Partner and/or Major Shareholders An equal joint venture between the Duncans Goenka group in India and Gleneagles Development Pte. Ltd., Singapore. Gleneagles Management Services Pte. Ltd. will manage the hospital operations.Project Cost Including proposed IFC investment The project cost is estimated at US$29.4 million. IFC is considering the provision of a loan of up to US$7 million and, subject to ongoing evaluation, an equity investment of up to US$1 million for the Project. Location of project and Description of site The project site is a nine-acre plot on Eastern Metropolitan Bypass in Calcutta, India. Description of Company and Purpose of Project The project is to establish a 270-bed modern private hospital in Calcutta. This will serve both as a general hospital as well as offer tertiary acute-care services covering disciplines such as cardiology, cardiothoracic surgery, neurology and neurosurgery, renal care, nephrology and urology, orthopedics, obstetrics and gynecology, general and minimal invasive surgery and internal medicine. The project seeks to address strong local demand for medical care in Calcutta and from neighboring cites in West Bengal state, and will be a major referral center for the Country’s entire eastern region. The hospital Company already operates a small diagnostic clinic and eight-bed day-care center in south Calcutta; this will serve as a satellite for the main hospital. The project is among the first instances of private direct foreign investment in India’s healthcare sector and of an Indian private hospital to be managed by an experienced foreign hospital operator. Environmental Category and Issues This is a Category B project according to IFC’s environmental review procedure. Environmental, health and safety issues associated with this project include medical materials handling, disposal of medical waste, power and water supply, hygiene and implementation of good hospital management practices, CFCs, employee health and safety training, and fire protection. The Sponsors will build and operate this Project in compliance with all Government and local regulations as well as World Bank policies and guidelines.The is from the Public Information Center.Host country location of environmental documentsPublic Information center, International Finance Corporation, No 1, Panchsheel Marg, Chanakyapuri, New Delhi - 110 021Date SPI sent to PICRevised with New Proj. Number(previously filed as (#8165)May 7, 1997June 30, 1997For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384Environmental 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).