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: DIF, Erste Group AG, John 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:
- New patient care tower at Penticton Regional Hospital - Canada
- Alcañiz hospital concession - Spain
- Toronto East General Hospital new Patient Care Tower - Canada
- Kidney centre PPP project in Auckland - New Zealand
- Edinburgh's Royal Hospital for Sick Children DBFM - United Kingdom
- Uttarakhand Integrated Healthcare Centers PPP project - India
