Nepal Investment Project Profile
63
1. MAHATO MEDICITY Project Title :
MAHATO MEDICITY (MMC)
Phase I:
ASHWINS HOSPITAL PVT. LTD. (AMH)
Project Brief
Mahato MediCity is located on a 25-acre land in Kathmandu, Nepal - consisting of a Medical College and Hospital, and many other specialised services in medical field under one roof. In the Phase-I, MMC has been constructing the Ashwins Hospital, which is planned to create a new edge in the hospital market by providing medical services of international standards. In Phase-II, the hospital will be upgraded to a medical college affiliated with the world renowned Medical University. The Ashwins Hospital is expected to not only provide excellent medical services in the country, but also promote medical tourism by attracting significant number of patients from abroad. Currently under its first phase, MMC has started the construction of AMH with major details as below: • • • • • •
Major Design and Master Plan by Kirksey, USA Design and drawings by CAGE Consult. Hospital Design with JCI compliance Total Number of Beds = 600 Construction in Progress= Around 40 percent complete Estimated Completion Date = Dec. 2014
Major Approvals and Licenses • Letter of Intent (LOI) from Ministry of Education: • EIA (From Ministry of Environment): • Planning Permit (From Planning Dept): • Approvals from VDC: • Master plan, Design development: • Infrastructure/ Finishing Work: Location: Unique Features/ Value Proposition
Obtained Approved Obtained Obtained Completed Contract Awarded
Sainbu, Bhaisepati, Lalitpur, Nepal Upon ultimate completion of the hospital, the state-of-the-art facility will provide specialised medical services. It will create hundreds of jobs locally and is expected to help reduce the outflow of patients to foreign countries. It is also expected to promote medical tourism in the country.
Indicative Project Cost
USD 60 million
Project Proponent
Ashwins Hospital is a subsidiary of the Mahato Group of Companies (MGC) headed by Dr. Upendra Mahato. The MGC, which is a leading business conglomerate of Nepal, has its presence also in business ventures/projects across continents. It has large investments in different sectors like infrastructure, healthcare, telecommunication, manufacturing, eal estate and venture capital, media, bBanking, etc. spread across the globe. The MGC has a core team comprising of hospital planning and management experts, architect, financial experts and doctors who are guiding this venture. The project will result in one of the finest facilities in Nepal and would be at international standards with a great ambience.
Contact details:
Ratan K Jha Project Partner Sainbu, Bhaisepati, Lalitpur, Nepal Tel:+977-1-5015027, Email: ratan@mahatomedicity.com/ ratanjha@gmail.com