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Goa Government signs agreement with Triple-I to develop Multi-Specialty Hospital Print E-mail
Porvorim, September 18, 2007

The Government of Goa today signed an agreement with the India Infrastructure Initiative (Triple-I), a trust run by IDFC and Feedback Ventures, to set up through PPP, a Super Specialty Block within the premises of the Goa Medical College.  Triple-I will be providing project preparation and partnership management services for the project including the transparent selection of a private partner.  This will help the Government of Goa offer world-class tertiary healthcare services.

“As Goa develops into a preferred destination for IT and tourism, it is but appropriate that the best medical facilities are available to its citizens and to its guests.  Therefore, I am glad that the India Infrastructure Initiative has taken the challenge of finding a private partner to develop this new block.”  This was stated by Mr. Digamber Kamat, the Chief Minister of Goa, in whose presence the agreement was signed.

The agreement was signed by Mr. Anand Prakash, Health Secretary, Goa and Ms. Sonia Sethi, Adviser, PPP Initiative, IDFC.

“The Government of Goa will provide approximately five thousand square meters of land within the Rajiv Gandhi Medical College and Hospital (also known as Goa Medical College) at Bambolim, close to Panaji, to the private partner.  We expect that the selected party will invest at least Rs. 100 crore to provide up to 250 beds in a multi-specialty hospital.  This will save the residents of Goa to having to travel outside it to seek affordable quality medical care.  And to keep the interests of the common man in mind, will be the prime objective of the Department of Health, especially the DSS beneficiaries, girls below four, physically handicapped, widows, and BPL families.” said Mr. Vishwajeet Rane, the Health Minister of Goa.

“The India Infrastructure Initiative will be relying on the proven execution skills of IDFC and Feedback Ventures to quickly complete the process of selection of private sector partners.  I am confident that Triple-I will help deliver something that every Goan can be proud of.  The new hospital will also provide teaching and training services to the Goa Medical College,” said Mr. Anil Baijal, IAS, Retired, the Chairman of the India Infrastructure Initiative.

About Triple-I: The India Infrastructure Initiative offers a “no-cost” solution to the Governments or Government Undertakings to hand-hold them through the process of project preparation and partner selection for the identified infrastructure projects.  For its services to create a pool of bankable infrastructure projects, III does not charge the Government or Government agencies and instead recovers its costs from the selected private sector partners for the projects, thus creating a win-win situation for all concerned.  Triple-I is a trust created by IDFC and Feedback Ventures.

Triple-I is already executing projects worth Rs. 7,000 crore for the states of Gujarat, Maharashtra, Madhya Pradesh, and Uttar Pradesh.


About IDFC: Incorporated in 1997 by the Government of India, IDFC is a specialized financial intermediary for infrastructure.  IDFC’s mission is to lead private capital to commercially viable infrastructure projects and to be the financier of choice for infrastructure projects.  With a balance sheet of Rs. 20,000 crore, IDFC combines strong financing, policy, and reform capabilities to carry out its mandate and is the leading player to enable infrastructure through PPP in the country.

About Feedback Ventures:
Feedback Ventures is India’s leading integrated infrastructure services company, with a mission of “Making Infrastructure Happen”.  Totally focused on infrastructure development, Feedback Ventures offers an integrated suite of services that covers all the steps from “concept to commissioning”.  Over the years, Feedback has become known both for its innovative work as well as for its ability to ensure successful implementation of infrastructure projects.

 
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