The Asian Development Bank (ADB) and the Government of Punjab have signed a Memorandum of Understanding (MOU) to jointly promote public-private partnership (PPP) projects in Punjab’s health care sector through ADB’s transaction advisory services.

Under the MOU, ADB’s Office of Public-Private Partnership will screen potential hospital PPP projects in ten major cities in Punjab including Bahawalpur, Dera Ghazi Khan, Faisalabad, Gujranwala, Lahore, Mianwali, Multan, Rawalpindi, Sahiwal, and Sargodha and will provide transaction advisory services to identify, prepare, structure and tender the top priority hospital projects to develop PPP’s. ADB will also provide holistic support in undertaking capacity building and development of a potential project pipeline by mobilizing technical assistance funds.