Turkey's DIA holding secures 272 million financing for Mersin hospital PPP

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Turkey's DIA holding secures 272 million financing for Mersin hospital PPP

DIA Holding has secured a €272 million (US$339 million) financing package to develop the Mersin PPP Integrated Health Campus PPP project in southern Turkey.

The project's finance agreement was signed on 21 November. The loan involves a 15-years maturity financing from DenizBank, Yap? Kredi, UniCredit Bank Austria AG.

The construction area of the project is 328,235 m2, and it will have a parking lot of 3759 vehicles in total. Accordingly, within the scope of the project, an integrated healthcare campus of total 1253 beds will be built as general hospital, obstetrics, gynecology and pediatric hospital, cardio-vascular diseases hospital, psychiatry hospital and oncology hospital.

The PPP contract  involves the development and financing of the new facilities including 25 years of provision of certain services to the Ministry of Health of Turkey. Medical services are not included in the contract.

The project is expected to be operational by May 2015.

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.

Another similar project, the Kayseri health campus PPP project, has recently achieved financial closure. Turkey's YDA Group secured this month €315 million (US$395 million) financing for the project.

There are several health PPP projects in Turkey. They are, among others:

List of country news

Country news

  • November 27, 2014

    Turkey seeks consultants to assess VfM methodology of hospitals

    The European Bank for Reconstruction and Development (EBRD) has issued an invitation for expression of interest (IEOI) of consultants interested in assessing the value for money (VfM) methodology of the Turkish Hospital Facilities Management PPP Framework. Read more
  • December 01, 2014

    APM Terminals seeks port business opportunities in Turkey

    According to sources, APM Terminals is currently seeking to invest in more Turkish shipping ports to take advantage of container volume growth at the country's Mediterranean and Black Sea ports. Read more
  • December 02, 2014

    Turkey to re-launch tender for privatization of roads and bridges

    The Turkish Privatization Administration (OIB) has plans to re-launch the tender process for the privatization of highways and bridges. Read more
  • December 05, 2014

    InfraMed invests in Limak's Turkish power plant

    InfraMed has joined LimakYat?r?m, one of the leading industrial conglomerates in Turkey, through a 25% equity participation in Hamitabat CCPP. Read more
  • December 16, 2014

    EBRD invests in lira-denominated bond by Turkey's YDA Group

    The European Bank for Reconstruction and Development (EBRD) is subscribing to TL40 million (US$17.2 million) of a bond issue by YDA ?n?aat Sanayi ve Ticaret A.Ş, a construction and infrastructure subsidiary of the Turkish conglomerate YDA Group. 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.