Financial protocol book | Page 33

Cooperation and Development—Celebration of the 20th Anniversary of the Government Loan Cooperation between the People’s Republic of China and the State of Israel Tianjin Hospital Project Tianjin Hospital in Tianjin City was established in the 1940s and is the first orthopedic hospital in China. In April 2011, the hospital applied for an Israeli government loan of USD 39 million in order to purchase medical equipment. The project was approved by the NDRC and MOF in July and October 2011 respectively. The procurement contract was approved by ASHRA and came into effect in September 2013. The total contract value is USD 38,999,968.00, containing more than 700 sets of advanced medical equipment such as 3.0T MRI, 64 Slices CT and Medical Linear Accelerators, etc. Israeli content accounts for 42% of the contract value. All the equipment under the project was delivered, installed and put into operation by May 2015. So far, the contract value of this project is the highest in the health sector under Sino-Israeli bilateral government loan cooperation. It has not only played an exemplary role in utilizing governmental loan in the medical field in China, but has also improved the introduction of equipment and technology from Israel to China. The hospital served 1.147 million outpatients, 1,311 beds and 32,500 inpatients respectively in 2015, increasing by 113%、82%、105% compared with those in 2011. By utilizing the Israeli government loan, the project has achieved economic and social benefits, having spent RMB 60 million less in interest and RMB 7 million less tariff compared with domestic commercial loans. Moreover, the project enables Tianjin Hospital to shift from an orthopedic hospital to a modern, large-scale, Third-grade Class-A hospital, as well as to a regional medical center incorporating orthopedics, trauma, vascular surgery, geriatrics, rehabilitation and other disciplines. The project has contributed in better serving the patients of Tianjin in terms of timely diagnosis, treatment and rehabilitation. 27