The US$1.5 billion Ikitelli integrated health campus public-private partnership (PPP) project in Istanbul, which, once complete, will be the world’s largest health campus built on seismic isolators, has reached financial close.
Mott MacDonald was lenders’ technical, environmental, and social advisor during financing, and will now monitor construction and operations.
With a 2,682-bed capacity covering some one million square metres, the campus will combine general and psychiatric hospitals with special units for neurology and orthopaedics, maternity and children, cardiovascular, oncology, and physical therapy and rehabilitation. Construction is expected to be completed in 2021.
Burak Sencer, Mott MacDonald’s country director for Turkey, said: “Ikitelli will offer improved health services to a large proportion of Istanbul’s population, and contribute to the economic development of the Ikitelli district. It is the ninth health campus in Turkey that we have helped reach financial close.”
Ikitelli forms part of a wider ¤10 billion, 26,000-bed health transformation programme in Turkey, which includes the delivery of over 20 health campuses via PPP schemes.