Background

The Project consists of the design, construction, financing, and maintenance of an integrated health campus with 1,875 beds in Gaziantep (south-eastern Turkey).
The campus is comprised of general practice, oncology, cardiovascular diseases, women and children, physical therapy, and psychiatric hospitals. With a population of more than 2 million people and half a million refugees, Gaziantep is one of Turkey’s oldest cities and among its most populous. Rapid population growth is putting a serious strain on healthcare services.

The project initially reached financial close in May 2017 with an international lenders group (EIB, EBRD, K-SURE, KEXIM); however, since 2018, the Project faced multiple issues, resulting in cost overruns and delays.
Given our track record in successfully delivering 4 healthcare PPP projects in Turkey on-time and on-budget, Meridiam and Ronesans (our partner since 2014), were approached by Ministry of Health, Ministry of Treasury and DFI Lenders with the view to restructure and complete the project.

Stage:

In Operation

ESG / SDG Key Facts

A kindergarten/day-care centre was included on the first floor of the Provincial Health Directorate building benefiting the doctors and staff. The hospital opened ahead of contractual completion date enabling it to support the recovery from the February 2023 earthquakes in the region.

The Project Company received the ISO 9001 and ISO 14001 certifications in March 2023 and the ISO 37001:2016 certification in July 2024. The Project Company started the development of an SDG roadmap and is working with the Grantor to assess the Project’s contribution to the SDGs.

SDG 3 (Good Health and well-being)

The Project, with 440 specialist doctors, 100 general practitioners and 2,600 medical staff is critical to support the recovery from the February 2023 earthquakes in the region.

SDG 7 (Affordable and clean energy)

The Project focuses on sustainability and energy efficiency during construction and operation and shall soon be awarded LEED (Leadership in Energy and Environmental Design) Gold Standard certification.