Indo-UK/SPG – College and Hospital Development – Telangana - Project Profile
"Indo-UK/SPG – College and Hospital Development – Telangana - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Indo-UK Healthcare (Indo-UK) and Shapoorji Pallonji Group (SPG) are planning to build a hospital and medical college in Telangana, India.
The project involves the construction of a 1,000-bed hospital and medical college on 40.4ha of land. It includes the construction of waiting rooms, consulting rooms, laboratories, an intensive care unit, emergency rooms, administrative buildings, a medical college, a nursing college, research and development facilities, parking and related infrastructure, and the installation of equipment.
The funds for the project will be raised through a combination of debt and equity from a consortium of banks, including UK Export Finance, and leading private equity players including Elara Capital.
Elara Capital has been appointed as financial advisor.
In November 2015, a memorandum of understanding (MoU) was signed between Indo-UK and SPG to develop the project.
In February 2016, Indo-UK signed a MoU with the Government of Telangana to develop the project.
In April 2016, the Government of Telangana approved the project.
The project involves the construction of a 1,000-bed hospital and medical college on 40.4ha of land in Hyderabad, India.
The US$151 million project includes the following:
1. Construction of waiting rooms
2. Construction of consulting rooms
3. Construction of laboratories
4. Construction of an intensive care unit
5. Construction of emergency rooms
6. Construction of administrative buildings
7. Construction of a medical college
8. Construction of a nursing college
9. Construction of research and development facilities