Case Studies > Expanding the hospital infrastructure in Turkey
Expanding the hospital infrastructure in Turkey
The EBRD is co-financing the construction of a high-tech hospital in south-eastern Turkey with a €215 million syndicated loan and €65 million notional interest rate swap to ADN PPP Sağlık Yatırım, a private developer that will design, build, equip and manage the Adana hospital campus under the public-private partnership (PPP) model. Clinical services will remain the responsibility of Turkey's Ministry of Health.
The Bank played a key role in securing a total of €433 million in long-term financing for the project, including €120 million in parallel financing from the International Finance Corporation, the French development agency Proparco and the German development bank DEG.
The Adana hospital is part of a €12 billion Turkish government programme to build or expand about 60 hospitals across the country. By tapping into private sector resources and know-how through the PPP model, the programme aims to construct hospitals more quickly and manage them more efficiently, thereby responding to Turkey’s growing need for quality hospital infrastructure.