Kocaeli Integrated Health Campus PPP

27/10/2016
PPP, Project development, Project finance

€ 407.682 million

$ 447.411 million

Announced

27/10/2016


Overview:

  • The Kocaeli Integrated Health Campus is a hospital public-private partnership (PPP) project in the city of Izmit in the Kocaeli Province to the east of Istanbul.
  • It is run by Kocaeli Hastane Yatırım ve Sağlık Hizmetleri, a special purpose company established to design, build, finance, lease and operate the hospital.
  • A consortium of Türkerler İnşaat, Gama Holding and GE Healthcare established the company and serve as project sponsors, with GE Healthcare acting as a minority shareholder but also securing a multi-vendor equipment and maintenance contract.
  • The campus will provide 1,080 beds across several hospitals, namely general (980 beds), physiotherapy and rehabilitation (100 beds) and high security forensic psychiatric (100 beds).
  • The total cost of the project is estimated to be in excess of €407 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, the Bilkent Integrated Health Campus, the Gaziantep Integrated Health Campus, the Konya Karatay Integrated Health Campus, the Elazığ Integrated Health Campus and the İzmir Bayraklı Integrated Health Campus.

Jon Moore - Journalist

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