China, People's Republic of : Health Care Finance in Underdeveloped Provinces
ADB will provide a senior unsecured A loan of up to $150,000,000, and a B loan of up to $200,000,000 to Far East Horizon Limited (FEH) for Health Care Finance in Underdeveloped Provinces in the People's Republic of China (PRC).
Project Details
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Project Officer
Rasheed, Tayyaba
Private Sector Operations Department
Request for information -
Approval Date
16 November 2018 -
Country/Economy
China, People's Republic of -
Sector
- Finance
Project Name | Health Care Finance in Underdeveloped Provinces | ||||||||||
Project Number | 52157-001 | ||||||||||
Borrower / Company | Far East Horizon Limited |
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Country / Economy | China, People's Republic of |
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Location | |||||||||||
Type or Modality of Assistance |
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Strategic Agendas | Inclusive economic growth |
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Drivers of Change | Private sector development |
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Sector / Subsector | Finance / Small and medium enterprise finance and leasing |
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Gender | Some gender elements | ||||||||||
Responsible ADB Department | Private Sector Operations Department | ||||||||||
Responsible ADB Division | Private Sector Financial Institutions Division | ||||||||||
Responsible ADB Officer | Rasheed, Tayyaba | ||||||||||
Project Sponsor(s) | |||||||||||
Description | ADB will provide a senior unsecured A loan of up to $150,000,000, and a B loan of up to $200,000,000 to Far East Horizon Limited (FEH) for Health Care Finance in Underdeveloped Provinces in the People's Republic of China (PRC). | ||||||||||
Objectives and Scope | Healthcare finance in underdeveloped provinces in PRC. | ||||||||||
Status of Development Objectives | In progress. | ||||||||||
Status of Operation/Construction | Operation - the ADB loan has been fully disbursed in 2019. | ||||||||||
Linkage to Country/Regional Strategy | The proposed project is in line with ADB's operation plan for the health sector, which supports universal health coverage and identifies investing in health infrastructure, and financing health service delivery as key priorities. Furthermore, supporting finance sector development is a key focus of development assistance for ADB. As noted, the proposed project builds upon previous support that ADB has provided to the leasing industry and health sector in the PRC. The project includes a gender action plan consistent with ADB's operational priority of accelerating progress in gender equality. |
Safeguard Categories | |
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Environment | FI |
Involuntary Resettlement | FI-C |
Indigenous Peoples | FI-C |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | Since the project will only finance the lease or purchase of modern medical equipment as well as hospital fixed-asset investments through sale and leaseback transactions, most of FEH's transactions under the loan will have minimal or no adverse environmental impacts and are unlikely to entail impacts on involuntary resettlement and indigenous peoples. |
Involuntary Resettlement | Since the project will only finance the lease or purchase of modern medical equipment as well as hospital fixed-asset investments through sale and leaseback transactions, most of FEH's transactions under the loan will have minimal or no adverse environmental impacts and are unlikely to entail impacts on involuntary resettlement and indigenous peoples. |
Indigenous Peoples | Since the project will only finance the lease or purchase of modern medical equipment as well as hospital fixed-asset investments through sale and leaseback transactions, most of FEH's transactions under the loan will have minimal or no adverse environmental impacts and are unlikely to entail impacts on involuntary resettlement and indigenous peoples. |
Stakeholder Communication, Participation, and Consultation | FEH has an email and hotline service for reporting of issues from all stakeholders and is disseminated to new employees, in its official website (http://www.fehorizon.com), on every employee's business cards and in its annual sustainability report. |
Timetable for assistance design, processing and implementation | |
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Concept Clearance | 26 Jun 2018 |
Credit Committee Meeting | 18 Oct 2018 |
Approval | 16 Nov 2018 |
Last PDS Update | 10 Oct 2023 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Title | Document Type | Document Date |
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Far East Horizon Limited Health Care Finance in Underdeveloped Provinces: Report and Recommendation of the President | Reports and Recommendations of the President | Nov 2018 |
Healthcare Finance in Underdeveloped Provinces: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Aug 2018 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
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