Dubai seeks firms for hospital PPP

29 November 2018
Dubai’s Cardiac Centre of Excellence will feature 110 to 120 beds

Dubai Health Authority (DHA) will brief interested bidders on 29 November for the planned Cardiac Centre of Excellence (CCoE), a 110 to 120-bed facility covering cardiac emergency, and inpatient and outpatient services.

The centre will be located in the Rashid Medical Complex and be developed using a public-private partnership (PPP) model.

MEED understands UK-based PwC has been appointed as financial adviser for the scheme. Mott MacDonald and Allen & Overy are the legal and transaction advisers, respectively.

The private sector partner will design, build, finance, maintain, operate and manage the facility for 25 years, following which the CCoE will be transferred to DHA.

The selected partner will also supply, operate and maintain all the required medical equipment, and manage and provide all clinical services.

Construction work on Dubai’s first PPP scheme outside the power and water sectors began in March.

Park Line won the 30-year, AED290m ($79m) Dubai Courts PPP project in 2016. The work involves converting a portion of the car park at the Dubai Courts premises into an integrated development that will include two buildings: one to house the Cassation Court and the other to feature an automated multi-level car park with 1,232 car parking spaces.

Park Line is a special purpose vehicle created by the Dubai subsidiary of India-based IL&FS Transportation Networks and Next Generation Parking (NGP), a subsidiary of Saudi Arabia’s KBW Investments.

A consortium of three Indian banks - Bank of Baroda, State Bank of India and Union Bank of India – is financing the scheme.

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