The consortium responsible for the development and operation of Gaziantep Health campus PPP in Southeastern Anatolia, Turkey has started the process to restructure the US$ 530 million loan from sponsors. The project is owned by the Samsung consortium, which consists of Samsung C&T Corporation, Salini - Impregilo, Genesee & Wyoming, and Simed International B.V. The project is currently under construction and facing delays due to down valuation of Turkish Lira.
The purpose of restructuring is to extend the maturity period of existing loans and avoid new borrowings. In 2016, the Export-Import Bank of Korea and the European Bank for Reconstruction and Development (EBRD) among other lenders provided the US$ 530 million loan with a tenor duration of 18 years.
Country updates
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November 04, 2020
Çukurova airport PPP tender postponed
State Airports Authority (DHMİ) in Turkey announced that the Çukurova Airport PPP tender was postponed to November 20, 2020. The tender was canceled after the Limak-Kalyon-Cengiz Construction j...
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October 27, 2020
Strategic collaboration between The Istanbul PPP Week and InfraPPP
InfraPPP is happy to announce a partnership collaboration with The Istanbul PPP Week organized by The Istanbul PPP Center of Excellence (PPP CoE) and The Turkish Foreign Economic Relations Board (DEIK...
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October 02, 2020
New tender to be launched for Çukurova regional airport PPP
Çukurova regional airport tender was cancelled after a joint venture of Limak-Kalyon Cengiz İnşaat was eliminated from the tendering process in March. General Directorate of State Airports...
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September 28, 2020
EBRD approves long term loan for Basaksehir Cam ve Sakura City Hospital PPP
The European Bank for Reconstruction and Development (EBRD) is providing a EUR 40 million (US$ 47.19 million) long-term loan, of which EUR 30 million (US$ 35.39 million) is committed on signing,...
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July 08, 2020
Six bidders interested in Aydin-Denizli Motorway concession
The Ministry of Transport and Infrastructure General Directorate of Highways in Turkey has received six bids for Aydın-Denizli Motorway concession. The 163 km long motorway will connect citi...
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