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:

List of country news

Country news

  • April 20, 2015

    Seven bidders compete for PPP hospital project in Bratislava

    The Slovak Health Ministry has received proposals form seven bidders to develop a new university hospital in Bratislava (NUHB) through a PPP project. Read more
  • April 30, 2015

    Slovakia may tender prisons under PPP model

    The Justice Ministry of Slovakia is considering to develop and upgrade prisons through public private partnership (PPP) projects. Read more
  • June 19, 2015

    Vinci, Strabag, Porr, Hochtief shortlisted for Slovakia road PPP

    According to sources, the Transport, Construction and Regional Development Ministry of Slovakia has shortlisted four teams for the D4 - R7 expressways PPP project. Read more
  • August 25, 2015

    EIB financing mulled for Slovakia road PPP

    The European Investment Bank (EIB) on August 19th announced on its website that the Slovakian government has made a request to get EIB's financing for the D4 - R7 expressways PPP project. Read more
  • November 12, 2015

    EBRD considers financing Slovak expressway PPP

    The total project investment is estimated at €1.4 billion (US$1.5 billion) and the EBRD is considering providing a €150 million (US$161 million) loan to finance the development of the 59 km road. Read more

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