India, Aug. 26 -- image credit- freepik

Park Medi World Limited has been awarded a Public-Private Partnership (PPP) mandate by the Prayagraj Municipal Corporation to develop and operate a 550-bed multi-super-speciality hospital in Prayagraj, Uttar Pradesh.

The project entails an investment of approximately Rs 200 crore, with the hospital expected to be constructed over two years and operated under a 45-year long-term lease.

The project will also receive Rs 76.52 crore in support from the State Government towards construction, helping de-risk a significant portion of the capital outlay.

The Prayagraj project forms the third pillar of Park Group's Uttar Pradesh strategy. Together with its 360-bed hospital at Agra and its upcoming 400-be...