PROJECT

Projects

Summary of Investment Information

Project Number

38035

Company Name

ELZ SAGLIK YATIRIM ANONIM SIRKETI

Date SPI Disclosed

Dec 7, 2016

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Nov 16, 2016

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jan 17, 2017

Department

Regional Industry MAS MCT

Industry

Health, Education and Life Sciences

Previous Events

Approved : Nov 16, 2016
Signed : Nov 28, 2016
Invested : Dec 13, 2016

Sector

Hospitals and Clinics

Additional Project Attributes

Public-Private Partnerships

Project Description

The project entails the construction, operation and maintenance of an integrated health campus in Elazig, (the “Project”) as part of the public-private partnership (PPP) program developed by the Turkish Ministry of Health (MoH) which aims at renovating, and enhancing quality and efficiency of healthcare services in state-owned hospitals.
The Project will be developed on a greenfield located on the outskirts of Elazig and will have a 1,038-bed capacity, composed of 4 hospitals: a 493-bed general hospital, a 299-bed women’s and children’s hospital, a 96-bed psychiatric hospital, and a 150-bed forensic psychiatric hospital. In addition to the hospitals, there will be a 60-unit mouth and dental health clinic, technical services building, a commercial area and a helipad within the campus.
The construction period is 36 months, to be followed by operational period of 25 years under a project agreement. However, the EPC contractor is planning to complete the construction in 23 months which will be followed by 308 months operational period.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation