Econostrum | Economic News in the Mediterranean



EBRD finances new largest Turkish hospital in Istanbul

The new hospital will have 2,682 beds (photo: Rönesans Holding)
The new hospital will have 2,682 beds (photo: Rönesans Holding)
TURKEY / EU. The European Bank for Reconstruction and Development (EBRD) on Thursday (17 September 2020) granted a €40m long-term loan to the private developer of the new municipal hospital in Çam ve Sakura, a suburb of Istanbul. Rönesans Healthcare of Turkey received €30m on signature for a total investment of €1.6bn in the country's largest hospital complex.

"The funds provided by the EBRD will replace the short-term loans from local banks that Rönesans Healthcare has used to finance its equity participation in the project, which is being carried out under a Public Private Partnership (PPP) arrangement with its Japanese partner Sojitz Corporation, the bank said in a statement. The initialled contract includes concerted actions with the EBRD to promote employment opportunities for women in technical positions and will enable an audit of the hospital's facilities to improve women's access to health services.

Part of the building had already been opened in April 2020 to accommodate patients with Covid-19. The complex is now fully operational, since the end of May 2020 and after 32 months of construction work, with a capacity of 2,682 beds. Located in the district of Başakşehir on a surface area of one million m², the new hospital includes a general hospital as well as two others specialised in physiotherapy and rehabilitation (128 beds) and psychiatry (128 beds). It is expected to receive 32,700 patients per day and will employ nearly 10,000 staff (4,300 medical staff, 4,050 service staff and 810 administrative staff). Equipped with 2,068 state-of-the-art seismic isolators, it will be able to operate without interruption in the event of an earthquake.

The Çam ve Sakura Hospital was awarded the Award of Merit in early 2020 in the competition for the world's best projects by the American newspaper ENR (Engineering News-Record) in the health care category.


Frédéric Dubessy

Friday, September 18th 2020

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