Konya Karatay Integrated Health Campus PPP

16/12/2015
PPP, Project development, Project finance

€ 355 million

$ 371.105 million

Completed

16/12/2015


Overview:

  • The Konya Karatay Integrated Health Campus is a €355 million public-private partnership (PPP) project to construct a hospital in Turkey.
  • It is part of the government's ongoing PPP hospital-building programme.
  • YDA İnşaat Sanayi ve Ticaret is responsible - along with subsidiaries YDA Sağlık Yatırım ve İşletme and ATM Sağlık Konya Yatırım ve İşletme - for the construction of the hospital.
  • The Islamic Development Bank provided a sharia-compliant tranche of €67.6 million.
  • The European Bank of Reconstruction and Development provided a €67.5 million tranche and the Black Sea Trade and Development Bank a €50 million tranche.
  • Between them, UniCredit Bank and Siemens Bank provided an additional €80 million.
  • 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 and the Bilkent Integrated Health Campus.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal types:

PPP
Project development
Project finance

Practice areas:

Project finance
Project development
PPP/PFI

Governing laws:

England and Wales
Turkey

Industry sectors:

Healthcare
Social infrastructure


Firms:

Party: YDA İnşaat Sanayi ve Ticaret (Shareholder)

Party: ATM Sağlık Konya Yatırım ve İşletme (Project company)

Party: YDA Sağlık Yatırım ve İşletme (Borrower)


Party: European Bank for Reconstruction and Development (Lender)

Party: Black Sea Trade and Development Bank (Lender)

Party: Islamic Development Bank (IDB) (Lender)