Wanjie Cancer Hospital

completed

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.