OREANDA-NEWS. The Black Sea Trade and Development Bank (BSTDB) is participating with a EUR 60 million loan in the construction and operation of a health campus in Ankara. The loan is provided to Ankara Etlik Hastane Saglik Hizmetleri Isletme Yatirim A.S, a special purpose company incorporated in Turkey, under a Public-Private Partnership scheme.

The operation represents a total investment of EUR 1.1 billion by international financial institutions, including BSTDB, EBRD and IFC, with a portion of the financing provided by the Italian Export Credit Agency and commercial banks.

"By financing this project, BSTDB supports the Turkish Government's strategy to expand quality hospital facilities and health services across the country using public-private partnerships. We expect the project to generate significant development impact, mainly from the creation of new employment opportunities", said Ihsan Ugur Delikanli, BSTDB President at the signing ceremony in Istanbul.

Ankara Etlik Hastane Saglik Hizmetleri Isletme Yatirim A.S is a special purpose company established for the project in 2012 and is ultimately owned by the contractors Astaldi (Italy) with a 51% share and by Turkerler (Turkey) with a 49% share. The company is responsible for the design, construction, financing and operation of the healthcare campus, including provision of medical and other equipment, as well as furnishing of all relevant healthcare facilities. In addition, the company will be involved in the maintenance and repair of healthcare facilities and provision of non-clinical services and maintenance of the healthcare and commercial facilities.