BSTDB Supports the Development of the Health Sector in Türkiye

Press Release | 25-Jun-2015

The Black Sea Trade and Development Bank (BSTDB) is participating with a EUR 60 million loan in the construction and operation of a health campus in Ankara. The loan is provided to Ankara Etlik Hastane Saglik Hizmetleri Isletme Yatirim A.S, a special purpose company incorporated in Türkiye, under a Public-Private Partnership scheme.

The operation represents a total investment of EUR 1.1 billion by international financial institutions, including BSTDB, EBRD and IFC, with a portion of the financing provided by the Italian Export Credit Agency and commercial banks.

“By financing this project, BSTDB supports the Turkish Government’s strategy to expand quality hospital facilities and health services across the country using public-private partnerships. We expect the project to generate significant development impact, mainly from the creation of new employment opportunities”, said Ihsan Ugur Delikanli, BSTDB President at the signing ceremony in Istanbul.

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Ankara Etlik Hastane Saglik Hizmetleri Isletme Yatirim A.S is a special purpose company established for the project in 2012 and is ultimately owned by the contractors Astaldi (Italy) with a 51% share and by Türkerler (Türkiye) with a 49% share. The company is responsible for the design, construction, financing and operation of the healthcare campus, including provision of medical and other equipment, as well as furnishing of all relevant healthcare facilities. In addition, the company will be involved in the maintenance and repair of healthcare facilities and provision of non-clinical services and maintenance of the healthcare and commercial facilities.

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard & Poor’s and “A2” by Moody’s. For information on BSTDB, visit www.bstdb.org.

Press contact:

Haroula Christodoulou

Phone: +30 2310 290533

E-mail: cchristodoulou@bstdb.org