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Tue September 24 2024

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Motts helps vast Turkish hospital campus reach financial close

15 May 15 Construction of Turkey’s €1.2bn (£840m) Bilkent Integrated Healthcare Campus is set to start as the project has reached financial close.

Mott MacDonald is lenders鈥 technical and environmental advisor for the public-private partnership (PPP) project and will now provide construction and operational monitoring services.

Bilkent Integrated Healthcare Campus covers an area of 1.2 million square metres and is believed to be the world鈥檚 largest greenfield healthcare scheme. It will provide 3,804 beds and parking for 7,209 vehicles. There will be more than 100 operating theatres and it is expected to treat around 35,000 patients per day and employ approximately 8,000 staff. A new office building will also be located on site for the Turkish Ministry of Health.

Mott MacDonald鈥檚 due diligence during the project鈥檚 financing stage included reviewing potential technical issues and commercial implications arising from the project agreement and schedules. The consultancy also appraised the stakeholders鈥 competence, track record and capabilities, as well as the design solution, construction planning, capital and operating expenditure, lifecycle costing and the project鈥檚 payment mechanism.

Burak Sencer, Mott MacDonald鈥檚 country manager for Turkey, said: 鈥淏ilkent is the third healthcare PPP financing in Turkey to reach financial close following Adana and Mersin. Mott MacDonald is technical advisor on eight projects in the overall programme.鈥

Construction of the Bilkent campus is expected to take three years, which will be followed by a 25-year concession period.

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