Advisors appointed for Bratislava hospital PPP

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Advisors appointed for Bratislava hospital PPP This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

The Ministry of Health of the Slovak Republic (MoH SK) has selected a consortium composed by Ernst & Young Financial Advisory, Ltd. and Rose Csekes Ltd. as transaction advisor (TA) for the development of a new university hospital in Bratislava (NUHB) through a PPP project.

The consortium has been the only bidder in the tender process to hire a TA for the project. The team will be responsible for supporting the government during the tender process to select a private partner for the hospital PPP project.

In October last year we reported that the MoH SK published the list of bidders for the project:

  • Developers: Dalkia, J&T Real Estate, OHL ŽS, PORR AG (Strauss; Projektenwicklungsges), Bouyges - VCES, and Vinci - Prumstav;
  • Financers: DIFErste Group AGJohn Laing Plc, ?SOB, Council of Europe development bank, and ING Bank N.V.; and
  • Operators: Agel, Assuta Medical Centers, Ribera Salud Grupo, Svet zdravia, VAMED AG, Synlab Czech / Slovakia s.r.o., and Interhealth Canada.

The new 880-bed hospital will be constructed in the Karlova Ves cadastral area in the northwest part of Bratislava with a total area of approximately 9 hectares. The new facilities will have to handle 44,000 hospital admissions, 875,000 outpatient visits, 610,000 diagnostic procedures and 47,000 operations per year.

The project will be developed on a design, build, finance, operation and maintenance (DBFOM) basis. The private partner is expected to have the contract for a period of approximately 30 years from commencement of the operational phase. Specifically, future private partner is expected to be responsible for the following services:

  •  Design of the NUHB incorporating functional and technical requirements presented by the MoHSK,
  •  Build of the new hospital buildings and equipment,
  •  Securing the financing for the project,
  •  Operating the NUHB, including medical equipment maintenance and renewal, and all clinical services,

The total project investment is estimated between €200 million (US$223.7 million) and €250 million (US$279.6 million).

We have recently reported about several hospital PPP projects globally:

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