Gaziantep Integrated Health Campus PPP

26/8/2016
PPP, Project finance

$ 1 billion

Completed

26/8/2016


Overview:

  • Gaziantep Hastane Sağlık Hizmetleri İşletme Yatırım secured the $1 billion financing for the construction of the Gaziantep Integrated Health Campus, a public-private partnership (PPP) project.
  • The lenders for the project are the European Bank for Reconstruction and Development, the European Investment Bank, the Export-Import Bank of Korea and the Korea Trade Insurance Corporation.
  • Gaziantep Hastane Sağlık Hizmetleri İşletme Yatırım is a project company formed by a consortium of the Samsung C&T Corporation, Salini-Impregilo, Kayi Holding and Simed International.
  • When complete, the campus will provide 1,867 beds in Gaziantep, including a 628-bed general hospital, 154-bed oncology hospital, 205-bed cardiovascular diseases hospital, 518-bed woman’s and children’s hospital, 112-bed psychiatric hospital, 100-bed high-security forensic psychiatric hospital and 150-bed physical medicine and rehabilitation hospital.
  • It is part of the Turkish Ministry of Health’s $10 billion plan to deliver 29 PPPs and 41,000 new hospital beds, a programme that also includes the Adana Integrated Healthcare Campus, the Bilkent Integrated Health Campus, the Gaziantep Integrated Health Campus and the Konya Karatay Integrated Health Campus.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal types:

PPP
Project finance

Practice areas:

Project finance
PPP/PFI

Governing law:

Turkey

Industry sectors:

Healthcare
Social infrastructure


Firms:

Party: European Bank for Reconstruction and Development (Lender)

Party: European Investment Bank - EIB (Lender)

Party: The Export-Import Bank of Korea (Lender)


Party: Samsung C&T Corporation (Sponsor)

Party: Salini Impregilo (Sponsor)

Party: Kayi Holding (Sponsor)

Party: Simed International (Sponsor)


Party: European Bank for Reconstruction and Development (Lender)

Party: European Investment Bank - EIB (Lender)

Party: The Export-Import Bank of Korea (Lender)

Party: Korea Trade Insurance Company (K-Sure) (Lender)

Lawyer: Senem Denktaş