The European Bank for Reconstruction and Development (EBRD), the Export Development Canada (EDC) and the Overseas Private Investment Corporation (OPIC) are co-financing the construction of a €769.6M hospital in Izmir, Turkey.
The hospital complex will include several buildings, to be leased to Turkey’s Ministry of Health under a 28-year concession, and a total of 2,060 beds.
The Izmir Bayrakli hospital will be designed, built, equipped and managed by İzmir Bayraklı Hastane Yatirim Ve Sağlık Hizmetleri — a joint venture between GE and Turkish corporations GAMA Holding and Türkerler İnşaat.
EBRD director of operations in Turkey Jean-Patrick Marquet said: “Arranging this comprehensive long-term financial package for a new Izmir hospital is part of the EBRD’s efforts to catalyse private sector involvement in critical infrastructure in Turkey which brings money and know-how, and ultimately benefits people's lives across the country.”
The hospital is expected to commence operations in 2019.
* Data provided by Timetric's Construction Intelligence Center.