The EBRD has announced it is considering financing the development of the integrated health campus through a public private project (PPP) contract in the province of Gaziantep (Turkey) pursuant to a 28 years concession awarded by Turkey's Ministry of Health.

The project will include the design, construction equipment, and maintenance of Gaziantep PPP Integrated Health Campus. Under this PPP structure, the concessionaire will supply and maintain the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. The total project costs are estimated at €600 million (US$670 million).

EBRD is considering to finance a loan of up to €80 million (US$89 million). The EBRD financing will be in parallel with facilities from export credit agencies, other international financing institutions, commercial banks and institutional investors.

The concessionaire is Gaziantep Hastane Saglik Hizmetleri isletme Yatirim Anonim Sirketi A.S., a special purpose company that will supply and maintain hospital facilities under the PPP scheme. The company is owned by Samsung C&T Corporation, Kayi Insaat Sanayi ve Ticaret A.S., Salini Impregilo S.p.A. and a Page 3 private equity investment fund (PEIF). The investors in the PEIF comprise mostly Korean and Turkish institutional investors.

The EBRD financing is expected to be approved at a board meeting o October 4, 2016.