BSTDB in a Public-Private Partnership Scheme to Support Türkiye’s Health Care Sector
Press Release | 23-Feb-2016
BSTDB in a Public-Private Partnership Scheme to Support Türkiye’s Health Care Sector
The Black Sea Trade and Development Bank (BSTDB) is lending EUR 50 million towards the construction and operation of Konya Karatay Integrated Health Campus in Central Türkiye. The loan is provided to “ATM Sağlık Konya Yatırım ve İşletme Anonim Şirketi”, a special purpose vehicle incorporated by YDA Insaat Sanayi ve Ticaret A.S in Türkiye under Public – Private Partnership model.
The project, which has a total cost of EUR 372 million, is co-financed by BSTDB with other multilateral development banks - the European Bank for Reconstruction and Development and the Islamic Development Bank, and commercial banks - Unicredit and Siemens Bank.
It is part of a wider USD 10 billion program generated by the Turkish Government which, in collaboration with the private sector, aims to create 30 new healthcare facilities across the country with a total capacity of over 26,000 new beds.
“We are proud of joining peer development finance institutions and prominent commercial banks to support Türkiye’s strategic priority of upgrading its health sector infrastructure. This is a second health project in which we are pleased to participate in Türkiye. The project will create new jobs and offer high-quality healthcare services to people living in Konya and other provinces. It is also another example of the public private partnership model which has been well structured and initiated by the Turkish Treasury for infrastructure projects. I believe that we could share our experience, which we have gained by means of these health projects in Türkiye, to help any infrastructure project that other member countries might want to develop within a public private partnership model.", stated Ihsan Ugur Delikanli, BSTDB President after the signing of the loan agreement.
* * * * * * * * * * *
ATM Sağlık Konya Yatırım ve İşletme Anonim Şirketi (the Company) is a special purpose vehicle established in March 2013. The Project Company will be responsible for the design, construction, financing and operation of the healthcare campus, including provision of first set of all medical and other equipment, as well as necessary furnishing of all relevant healthcare facilities. In addition, the Project Company will be responsible for maintenance and repair of healthcare facilities and provision of non-clinical services/maintenance of the healthcare and commercial facilities for the term of the Project Agreement.
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 and 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
