Third Bosphorus Bridge
First-to-Market deals and innovations to deliver critical infrastructure, and meet environmental and socially sustainable development goals.
In 2014, BTY began providing our award-winning advisory services for PPP infrastructure developments in Turkey’s ambitious healthcare expansion programme.
Since then, we have expanded the range of services as well as sectors and markets served in Eastern Europe and Central Asia.
Today, our experts provide a comprehensive range of independent project delivery expertise in social, transportation and energy infrastructure, and environmental and social advisory services to meet local and international development criteria.
BTY’s mandate comprised Lenders Technical Environmental and Social Advisory Services, Refinance Technical Due Diligence Services and Traffic Study Services for the world’s widest and third longest span suspension bridge crossings over the Bosphorus strait.
The Kocaeli Integrated Health Campus will be built on a 226,626 sm site in the Kocaeli Province, located in the Marmara region of northwest Turkey. The campus will include six hospitals with a capacity of 1,180 beds.
The Izmir Bayraklı Integrated Health Campus will be built on a 622,530 sm site in Bayrakli, a metropolitan district in Izmir Province on the coast of western Turkey. The Campus will include seven hospitals with a total enclosed area of 57,354 sm and capacity for 2,060 beds.
The project has a total capacity of 480 beds. It will feature general care, new-born intensive care, burn, labour and delivery services for the general public. It will provide necessary medical facilities and the additional capacity needed to support the region.
The project will be procured using a Design-Build-Finance-Maintain (DBFM) model with a contract period of 28 years, comprising a three-year construction period and 25-year operating period. The construction of new facilities will have a total capacity of 838 beds, including a 418-bed Regional Hospital, and a 420-bed Maternity and Paediatric Hospital.
BTY’s award-winning Infrastructure and Public-Private Partnerships Advisory Team brings global experience in complex social, civil and energy infrastructure assets.
Our Lenders’ Technical Advisory (LTA) services start during the bidding stage of Preferred Proponent selection to provide Financial Institutions comprehensive due diligence on the project’s viability. Our clear reporting enables Project Companies to address competitive pricing and provides Financial Institutions thorough review of project risks.
Through the construction phase, BTY’s LTA teams provide regular monitoring and progress reports detailing adherence to the project budget and schedule, Certification of Payments, Risk Tracking and Mitigation.
As Independent Certifiers and Independent Engineers, we provide third-party objectivity in Milestone Attestation, Compliance Reporting, Dispute Resolution and facilitate the process for achieving Substantial Completion and Final Completion Certification.
BTY’s experts bring knowledge in assessing environmental risk, developing environmental impact assessments and action plans associated with major infrastructure and land development projects.
We design, implement, and monitor plans to mitigate and manage environmental impact requirements for traditional and alternative delivery models in all market sectors.
Our solutions ensure compliance with various policies of International Financial Institutions (IFI). These can include policies on environmental and social sustainability, Equator Principles, World Bank Safeguard Policies, Requirements of the European Bank for Reconstruction and Development (EBRD) and Asian Development Bank Environmental Policy and legislative obligations.
We provide a multidisciplinary approach to our health and safety advisory services in compliance with local legislative requirements and international best practices.
Our professionals are knowledgeable in health and safety management systems development, implementation, and monitoring, including ILO-OSH or OHSAS requirements.
We review health and safety documentation, training, and monitoring tools, and provide effective solutions to site practices for compliance with management system checks and services. We can provide ad hoc support to achieve compliance with national and international laws.
BTY provides risk and impact assessments and audits on social, and labour related matters associated with major infrastructure and land development projects.
We design, implement, and monitor plans to mitigate and manage social and labour requirements for both traditional and alternative delivery models across market sectors.
We develop resettlement action plans, community development plans, and livelihood restoration strategies, as well as conduct labour audits, institutional analysis, assessments of working conditions, and human rights impact assessments to SA8000 standards and in compliance with legislative requirements.
We advise clients on the technical and financial viability of asset investments and transactions, providing construction and operational context for Refinancing and Secondary Market Transactions.
We advise investors on project costs for new-use conversions, long-term operation and depreciation that may affect investment outcomes.
We provide developers and authorities with expert valuation considering availability, deficiencies, facilities management and life-cycle costs and revenues, payment deductions and more.
BTY has provided Refinancing and Transaction Advisory services for hospitals, roads, bridges, power generation and distribution infrastructure, natural gas and nuclear plants, and assets involving distributed service providers.
We provide traffic and revenue forecasting and due diligence services based on technical program, regional demographics, and market data.
Developers, equity investors and lenders rely upon our analysis and reviews to identify and mitigate commercial risk when preparing a business case and investment outlook.
Drawing on our expertise in conducting technical due diligence in the transportation sector, we can forecast traffic and revenue for railways, highways, airports, and other logistics related sectors, such as marine ports.
Our Property Condition Assessment (PCA) Service includes documentation preparation and review, condition survey/building review, assessment of operator repair and maintenance compliance, identification of remedial measures and a remedial cost estimate.
We prepare Reserve Fund Studies (RFS), also known as Depreciation Reports, enabling owners to optimize the service life of their real estate assets. Our experts work with strata representatives and property managers to develop financial plans to decrease or eliminate deferred maintenance.
In addition to covering all components of a PCA, our studies also provide a financial analysis and a range of funding scenarios. A review of the current Contingency Reserve Fund (CRF) account balance, CRF contributions and operating costs assess whether current funding levels are adequate to meet anticipated expenditures.
BTY provides Claims Services, Expert Opinion, formal and informal Disputes Resolution, Project Adjudication and Mediation services related to construction projects.
We offer objective and experienced analysis on projects relating to delay events, payment and claims disputes and default notices. We develop mitigation recommendations to prevent disputes from escalating into costly litigation.
For lenders and investors whose projects are not meeting the intended terms established at the outset of a loan agreement, we review the letter of engagement, inspect the project with the parties to the agreement and provide a definitive report to substantiate dispute claims.