ADB backs Kazak hospital PPP

The Asian Development Bank (ADB) has agreed a deal to support the development of a bankable PPP structure for a hospital project in Kazakhstan.

A transaction advisory services agreement has been signed by the ADB and Kazakhstan’s Ministry of Health and Social Development that will see the ADB’s Office of Public-Private Partnership support the promotion of private investment in the 300-bed Karaganda University Hospital.

“There is an urgent need to improve the quality of healthcare provided to the population of Karaganda city and its region,” said Giovanni Capannelli, the ADB’s country director for Kazakhstan. “The project aims to deliver international level education and training for medical school students.”

The project represents an important part of Kazakhstan’s PPP Development Programme.

In April, the country appointed former Institute of High Technologies academic Adil Utembayev as the chairman of its PPP Advisory Centre.