Health campus in the city of Adana
News from 2014-12-29 / DEG
A 1,550-bed health campus will be developed in the Anatolian city of Adana, the fifth largest city in Turkey. It will include six hospitals with different specialisations: a women’s and children’s hospital, an oncology hospital, a cardio-vascular hospital, a physical medicine and rehabilitation hospital, a general hospital and a forensic psychiatric hospital.
Financing partners include development finance institutions as well as commercial banks. The total financing volume is EUR 433m. The International Finance Corporation (IFC), a member of the World Bank Group, arranges the financing from other financing sources, including DEG, the French development finance institution Proparco and other financing partners. Together they are mobilising some EUR 170m, with DEG providing EUR 30m.
The health campus is one of the first health care projects to be constructed under the Public-Private Partnership (PPP) programme of the Turkish Ministry of Health to provide improved public health care services by including private investors. Private partner is ADN PPP Saglik Yatirim, a consortium responsible for the construction, financing and maintenance of the health campus. The provision of medical services will be under the responsibility of the state. Following an operational period of 25 years, the health campus will become the property of the state. ADN PPP Saglik Yatirim has been established by the Turkish construction company Rönesans and the investment fund Meridiam Infrastructure, designed for investments in PPP projects, among others.
The health campus will significantly contribute towards improving coverage and quality of the regional health care network, thereby expanding access to health care services for the population in the hitherto underserved region in Turkey. Moreover, patients can benefit from state-of-the-art hospital equipment and modern diagnostic services, and from a concentration of specialists across medical specialties in one location.