Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Wed October 18 2017

Related Information
Related Information
Related Information

News » International » Motts helps Turkish health campus reach financial close » published 29 May 2017

Motts helps Turkish health campus reach financial close

Financial close has been reached on a 1,875-bed Turkish health campus being built under a public-private partnership.

Mott MacDonald has provided technical, environmental and social advice to the lenders for the Gaziantep integrated health campus and will now monitor construction and operations in an ongoing role.

The 580,000m2 Gaziantep campus will be one of the largest in the country. It will comprise a general hospital as well as specialist units for cardiovascular and oncology, psychiatry, women and children, rehabilitation and forensics.

Mott MacDonald’s due diligence during the scheme’s financing stage included reviewing potential technical issues and commercial implications arising from the project agreement and schedules, as well as the risk transfer through the construction and operational subcontracts. The consultancy also appraised the stakeholders’ track-record and capabilities, as well as the design solution, construction planning, capital and operating expenditure, lifecycle costing, facilities management approach and payment mechanism.

Burak Sencer, Mott MacDonald’s territory manager for Turkey, said: “The social and environmental impacts of developments such as this are of increasing importance to the international lending community who are governed to support increasingly sustainable infrastructure. Our due diligence concluded that this project will result in an important social infrastructure and deliver improved health services to the population, as well as resulting in limited, localised and manageable environmental and social impacts.”

Samsung C&T from South Korea, local firm Kayı İnşaat and Salini Impregilo from Italy are acting as sponsors of the project, along with Actus Gaziantep Fund, Turkish’s first private equity infrastructure fund. Lenders for the deal include Samsung Life, which is investing both equity and debt; the Export–Import Bank of Korea, Korea Trade Insurance Corporation, the European Bank for Reconstruction &  Development and the European Investment Bank. For some of the lenders, Gaziantep is the first health PPP project they have financed in Turkey.

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 29 May 2017 (last updated on 29 May 2017).

More News Channels