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  • Signing of Loan Agreement for the Emergency Life Saving Center Development Project in the Kingdom of Cambodia under the Private Sector Investment Finance (PSIF) scheme

Press Releases

June 26, 2015

Signing of Loan Agreement for the Emergency Life Saving Center Development Project in the Kingdom of Cambodia under the Private Sector Investment Finance (PSIF) scheme
Improving the medical level in Cambodia and supporting the utilization of Japanese healthcare technologies

photoThe design of the Sunrise Japan Hospital Phnom Penh
photoThe signing ceremony

On June 25, the Japan International Cooperation Agency (JICA) signed a loan agreement for project finance for the Emergency Life Saving Center Development Project with Sunrise Healthcare Service Co., Ltd. (SHS), a Cambodian company invested by JGC Corporation, Innovation Network Corporation of Japan and Kitahara Medical Strategies International.

Under this project, SHS will establish and operate the Sunrise Japan Hospital Phnom Penh, a private hospital equipped with an emergency life saving center in Phnom Penh, the capital of Cambodia, to provide medical services based on Japanese technology and expertise, thereby improving the medical level in Cambodia. JICA will provide the funding required for SHS to carry out this project.

In Cambodia, lifestyle diseases are increasing as social environment changes because of the rapid economic growth in recent years. Emergency treatment is particularly in need for patients with strokes, which are deeply related to lifestyle diseases, but the level of neurosurgery in Cambodia is not currently adequate to do so. With the rapid increase in automobiles and scooters in recent years, the number of traffic accidents has risen, but the emergency medical system is not sufficiently prepared to provide the treatment required for accident victims. Given these circumstances, this project will provide a high level of medical services, primarily with Japanese doctors and nurses, raising the standard of emergency and advanced medical care in Cambodia.

This is the first project finance through JICA private sector investment finance, and Sumitomo Mitsui Banking Corporation is appointed as the facility agent. In addition to the financing for this project, JICA will provide technical cooperation to support training for Cambodian doctors, nurses and other medical staff in Kitahara International Hospital in Hachioji, Tokyo, until the new hospital opens.

Outstanding Japanese medical technology will be applied to this project in addition to the construction of the hospital facilities, and because human resource development for the local hospital staff will be integrated, this project is an example of high-quality infrastructure investment.

Going forward, JICA will, as a development finance institution, proactively use private sector investment finance and combine technical cooperation to improve the medical level in developing countries, as well as support further utilization of Japanese healthcare technologies.

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