Commencement of Project Development Activities for Establishing Bangladesh Railways Medical College in Chittagong
Posting Date: 9 April, 2015
The Public Private Partnership (PPP) Office under the Prime Minister’s Office, Government of Bangladesh has recently selected PricewaterhouseCoopers Pvt Ltd, India (PwC India) for providing the transaction advisory services for establishment of 50-Bed Medical College at Central Railway Building in Chittagong and up-gradation and modernisation of Existing Railway Hospital into 250 beds. The project will be developed on PPP model. The agreement was signed between PPP Office and PwC India on 9th April 2015.
Bangladesh Railways (BR) operates a number of hospitals across different parts of the country. Many of these facilities need to be upgraded with the latest equipment and expanded to cater for the growing demand and need for health services. In order to utilise the additional land available and deliver increased health services, BR is looking to work in partnership with a private sector on a PPP basis.
The PPP modality would enable Bangladesh Railway to enter into a partnership with a private sector who would be involved in upgrading and enhancing the health service facilities for delivering better quality health services to BR employees, while earning commercial return from offering services to the general people at affordable rates. The project will also facilitate BR's objective in promoting medical services utilising its existing assets and to increase revenue.
PwC is a leading consulting firm with vast expertise in providing advisory and transaction support for PPP projects in healthcare and other infrastructure sectors. PwC will assist BR in assessing technical, commercial, financial, environmental and social viability for the project, PPP structuring and in carrying out bid process management for selection of the private partner for implementation of this project.