Mott MacDonald appointed lenders’ technical advisor for €440 million health campus, Turkey
Mott MacDonald has been appointed as lenders’ technical advisor by the YDA and INSO joint venture – consisting of YDA Insaat Sanayi Ticaret A.S. and Inso Sistemi Per Le Infrastrutture Sociali S.P.A Is Ortakligi – for the development of the €440 million Kayseri Integrated Health Campus in Kayseri, Turkey. The project, which involves the construction of the health campus and the subsequent provision of products and services, will be the first ever public private partnership (PPP) project in the Turkish healthcare sector.
The health campus will cover an area of 385,000m² and includes a 1,283 bed main hospital, a 200 bed rehabilitation hospital, a 100 bed high-security psychiatric hospital as well as an administration building and technical service centre. The development will also feature a 140,000m² commercial area which will include facilities such as shops, supermarkets and restaurants, as well as entertainment and sports centres.
Mott MacDonald will undertake due diligence on behalf of the lenders* to assess the capabilities and experience of the consortium stakeholders as well as the consortium’s design, planning and construction, facilities and lifecycle management proposals. The consultancy will also ensure that the contractual arrangements and agreed risk allocation fall in line with international PPP best practice.
Mott MacDonald’s project director John Seed said: “In 2009, the number of hospital beds per 10,000 people in Turkey was 26.9, compared to 48 in Greece, 52 in Poland and 83 in Germany. The Turkish Healthcare market is one of the fastest growing in the world. To ensure it is able to match its requirements, much needed investment is essential.”
“We are delighted to be involved in this prestigious development as the Kayseri Integrated Health Campus will fulfil two important roles in the Turkish healthcare sector. Firstly, it will fall under the Turkish Ministry of Health’s Health Transformation Programme which aims to renovate the country’s existing healthcare infrastructure to meet increasing healthcare demands and bring together small hospitals under one campus. The campus will also improve the overall health service quality in Kayseri which has not developed sufficiently due to a lack of investment in technology and infrastructure.”
It is anticipated that financial close for the project will be reached in March 2012 with construction of the campus taking up to three years. Once completed, the campus will enter a 25-year operational phase.
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Notes for editors
* The lenders for this project are Banca Infrastrutture Innovazione e Sviluppo (mandated lead arranger), International Finance Corporation and SACE.
Media Enquiries:
Tom Smith
44 (0) 20 8774 2205
tom.smith@mottmac.com
Christina de Burgh-Milne
44 (0) 20 8774 3639
christina.deburgh-milne@mottmac.com
Lee Lodge
44 (0) 20 8774 2040
lee.lodge@mottmac.com
About Mott MacDonald
Mott MacDonald is a global management, engineering and development consultancy with more than 14,000 staff, £1 billion revenue and work in 140 countries for the public and private sectors. The employee-owned company is ranked 13thin the 2011 Sunday Times 25 Best Big Companies to Work For survey. Mott MacDonald’s core business sectors cover buildings, transport, energy, water, environment, health, education, industry, oil and gas, communications and international development.
About YDA Group
YDA Group is one of Turkey’s leading construction and operational groups. The company’s diverse portfolio encompasses construction, airport management, energy, real estate investment, electro mechanics, mining, medical, insurance and agriculture. With more than 36 years of domestic and international experience, YDA Group is present in 8 countries; Turkey, Kazakhstan, Russia, Ukraine, Abu Dhabi (UAE), Saudi Arabia, Afghanistan and Tanzania. The volume of the YDA Group’s ongoing projects and completed projects amount to 3.5 billion USD and 4.2 billion USD, respectively.
YDA Group has executed; Design & Build Turnkey Projects, Build Operate & Transfer (BOT), Investment Projects, Airports & high-tech ‘Smart’ Buildings, Industrial plants & Cement Factories, Infrastructure Projects, Canals, Roads, Bridges & Intersections, High-rise Buildings, Mass Housing, Business Centers, Shopping Malls and Hotels, Hospitals & School Complexes, Real Estate and , Property Development Projects.
About INSO SpA
INSO SpA is a “General Contractor” based in Florence, Italy, operating at international level in Healthcare, Industrial and Tertiary sectors since the 1970’s, managing all stages of the building process, from the feasibility study and design to the construction of civil works and electromechanical installations, from the supply of medical equipment and furniture to the maintenance/management of facilities. In the healthcare sector INSO operates in public tenders and large hospital projects on a turnkey basis, also using the project financing formula (PPP Public Private Partnership). Moreover, the company has acquired a special know-how in the supply and installation of medical equipment “packages” and is today one of the main European operators in this sector.
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