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BTY proud to share news of 2 Turkey health care P3s achieving financial close

As Lenders’ Technical, Environmental and Social Advisor, BTY would like to congratulate all the stakeholders and project team members involved in the Izmir Bayrakli Integrated Health Campus, and the Manisa Education and Training Hospital, both of which achieved Financial Close in Q2 2017.

The €605 million Izmir Bayrakli Integrated Health Campus (IHC) and the €185 million Manisa Education and Training Hospital projects are two of the four Turkish mega health care projects in which BTY is currently involved. The other two projects are the €330 million Kocaeli IHC and the €290 million Konya Karatay IHC, both of which achieved financial close in the previous six months. The projects strongly benefit from the experience of BTY P3 leadership’s support for our project teams in Turkey.

Over the past 17 years, Marie Foley (PQS, LEED AP), our Director of Global P3 Advisory Services, has worked as a Lenders’ Technical Advisor on more than 100 P3 projects and has developed special expertise on life-cycle analysis and facilities management, with a focus on health care, transportation and energy projects.

Jack McInerney (B.A., B.Eng.) is our Director for Europe. He has 12 years of international experience in a wide range of infrastructure sectors, including health care, roads, highways and bridges, light rail transit and aviation.

Our Director for Turkey, Tunca Ataoglu (M.Sc., P.Eng., PMP), brings more than 15 years of experience working on large, complex healthcare, transportation, and industrial projects in Canada, Turkey, the Kingdom of Saudi Arabia, and Morocco.

With the support of BTY’s wider technical team, these leaders are continuing to bring international P3 Advisory best practices to new markets as they work to expand the firm’s participation in projects in Turkey’s transportation and energy sectors.

The Izmir Bayrakli Campus will include 2,060 beds, and comprises hospitals specialising in oncology, cardiovascular diseases, women and children, high security psychiatric patients, physical medicine and rehabilitation and general medical studies. The Izmir IHC is noteworthy for its diverse sources of debt, including both commercial and multilateral lenders.

The Manisa Education and Research Hospital has a capacity of 558 beds. The project has 179,000 m2 of closed areas and features 734 seismic isolation units.