IFC considers financing two hospital PPP projects in Turkey

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IFC considers financing two hospital PPP projects in Turkey

The International Finance Corporation (IFC) is considering financing the Kayseri health campus and the Adana Health Campus PPP projects in Turkey. 

The IFC is considering providing a €35 million loan to finance the Kayseri project and a €61.25 million loan for the Adana PPP Integrated Health Campus.

The Kayseri health campus investment is estimated at €420 million. The project involves the development, design, financing, construction and services provision for the Kayseri Integrated Health Campus as part of the Ministry of Health's Health Transformation Programme.

Turkish construction firm YDA Insaat ve Ticaret and Italian general contractor INSO Sistemi Per Le Infrastrutture Sociali S.p.A. set up in 2011 a special purpose vehicle to carry out the project.

The project has a construction period of three years plus 25 years of operational period. In addition to facility management and general services such as catering, laundry, cleaning, the project company will provide the following clinical support services: laboratory, imaging, rehabilitation, sterilization and disinfection.

The new Kayseri health campus will be a multi-specialty main hospital with 1,083 general treatment beds and 200 psychiatric beds, a 200-bed center for physical therapy and rehabilitation, a 100-bed high security psychiatric hospital, an administration building and a technical service center.

According to sources, the proposed  €35 million loan IFC financing is pending board approval on August 28.

For the Adana PPP Integrated Health Campus in southern Turkey, the IFC is acting as implementing entity for the Managed Co-Lending Portfolio Program.

The project involves the development, design, financing, construction and services provision of the project for a period of 28 years. The total investment for this project is estimated at €467 million.

The project sponsor is a consortium formed by Ronesans Holding A.S., Ronesans Saglik Yatirim A.S., Meridiam Eastern Europe S.a.r.l, TTT Saglik Hizmetleri Egitim Insaat Sanayi Ticaret A.S., Sam Yapi Sanayi ve Ticaret Ltd. Sti., and Sila Dan??manl?k Saglik Bilisim ?n?aat Ticaret A.S.

The new  hospital complex comprises of an integrated health campus with a total capacity of 1,550 beds consisting of three hospitals. These are the 1300-bed Main Hospital (MH), 150-bed Physical Therapy and Rehabilitation Hospital (RH) and 100-bed High Security Criminal Psychiatric Hospital (FRH). In addition to the hospitals, there will be health support facilities, commercial area, technical unit building, one heliport, one helipad and a cogeneration - trigeneration plant.

The healthcare system in Turkey is being developed under the Health Transformation Program which was initiated in 2003. Within the scope of the Health Transformation Program, the Ministry of Health  has planned to develop 30 Health Campuses in 22 provinces  to serve 29 health regions among Turkey.

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