Bhubaneswar Buzz

IFC, the investment arm of the World Bank and Odisha govt to develop speciality hospitals


IFC, the investment arm of the World Bank Group, has partnered with Odisha government to improve health infrastructure under PPP mode in the state by developing around 12 speciality hospitals.

“IFC and Odisha government have partnered to improve health infrastructure on public-private partnership model,” the World Bank group firm said in a statement.

As the lead transaction advisor, IFC would structure the rollout of low-cost hospitals that would offer quality medical care at affordable prices to residents, especially those living in smaller towns and rural areas.

Under the affordable healthcare project in the state, around 12 hospitals with 50-200 beds each would be developed, it said.

At its full capacity of 2,400 beds, the project would increase the total beds in the state by eight per cent and increase availability of private beds by 15 per cent, it said.