Turkey's Bursa Hospital PPP Project has secured financing for its development.

In previous discussions, the European Bank for Reconstruction and Development (ERBD) demonstrated its intention to finance the project. ERBD said this project can help set new business standards and demonstrate better value than the public sector alternative.

It also has the backing of several heavyweight development finance institutions (EIB, ERBD and KfW DEG) as well as a number of international and local commercial banks.

The consortium of sponsors for the project includes Ronesans Saglik Yatirim A.S., Meridiam Infrastructure Eastern Europe S.a.r.l., Sila Consulting Medical Services, Sam Engineering and TTT Saglik Hizmetleri A.S. who are active across various hospital PPPs in Turkey, including the Adana and Elazig campuses.

Bursa Hospital PPP campus will comprise three buildings with a total bed capacity of 1,355 beds: a general hospital (275 beds), cardiology (275 beds), oncology (252 beds), maternity/paediatric (253 beds), physical therapy and rehabilitation (200 beds), and high security forensic psychiatric (100 beds).

The total project cost will come to €489 million (US$576 million).

The project is part of the first batch of hospitals being built within the scope of a public private partnership (PPP) programme sponsored by the Turkish Health Ministry.