Pool of banks revealed for Adana hospital PPP project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Pool of banks revealed for Adana hospital PPP project

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.

A total of nine financiers have provided a debt facility for the Adana Integrated Healthcare Campus public-private partnership (PPP)  project in Turkey.

The project is the first internationally financed healthcare PPP to reach financial close in Turkey. The total project investment is estimated at €540 million (US$596.7 million).

The €433 million (US$478.4 million) debt facility has been provided by:

The project reached commercial close on August 26, 2014, and financial close on December 19, 2014, at a ceremony attended by the Turkish Minister of Health. The project sponsor is a consortium composed 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 facility has a total capacity of 1,550 beds which will help fulfill the growing demand for healthcare in the Adana area. Healthcare facilities in this new complex include: a general hospital (584 beds), an oncology hospital (182 beds), a cardiovascular hospital (185 beds), a women and children's hospital (349 beds), a physical medicine and rehabilitation hospital (150 beds), as well as a forensic psychiatric hospital (100 beds).

The consortium will design, build, finance, operate and transfer the Hospital, with a 36-month constructionperiod followed by a 25-year operating period.

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.

Yestaerday we reported that Meridiam had asked the World Bank's Multilateral Investment Guarantee Agency (MIGA) to provide an investment guarantee for the Yozgat Education and Research Hospital. The total project investment is estimated at TRY275 million (US$107.9 million).The project involves the design, construction, finance, maintenance, and management of the new 475 bed hospital.

We have recently reported about other PPP projects in Turkey:

List of country news

Country news

  • March 31, 2015

    South Korea and Turkey latest to apply for Asian Infra Bank membership

    South Korea and Turkey have confirmed plans to become funding member of the new Asian Infrastructure Investment Bank (AIIB). Read more
  • April 01, 2015

    FC reached for Bilkent Integrated Healthcare Campus PPP project

    D?A Holding has achieved financial close to develop the Bilkent Integrated Healthcare Campus PPP project in Turkey, one of the world's largest greenfield healthcare projects. Read more
  • May 18, 2015

    Mott Macdonald acts as Lenders' technical advisor for Turkish hospital PPP project

    Mott MacDonald is lenders' technical and environmental advisor for the Bilkent Integrated Healthcare Campus PPP project in Turkey, one of the world's largest greenfield healthcare projects. Read more
  • May 19, 2015

    TAV airports secures 162 million bank loan for milas bodrum airport

    TAV Airports has signed an agreement with DenizBank for its subsidiary, TAV Milas Bodrum Terminal ??letmecili?i A.Åž to obtain €162 million (US$184.5 million) of long-term bank loan for the development and operation of Milas-Bodrum Airport in Turkey. Read more
  • May 21, 2015

    TAV increases net profit by 51%

    TAV Airports Holding, a global player in airport operations, has announced a net profit of €31 million (US$35.3 million) in the first quarter of 2015 with an increase of 51%. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.