Overview

ICBC Turkey provides EUR 15 million loan for Kütahya PPP Hospital Construction Project

Commitments (Constant USD, 2023)$17,437,704

Commitment Year•2019Country of Activity•TurkeyDirect Recipient Country of Incorporation•TurkeyOverseas Jurisdiction•TurkeySector•HealthFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2019

Geospatial footprint

Map overview

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For this project, the Kütahya Hospital hospital was constructed in the city of Kütahya, Turkey. More detailed locational information can be found at: https://www.openstreetmap.org/way/1083187095

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

ICBC Turkey Bank A.Ş.

Receiving agencies

Joint Venture/Special Purpose Vehicles

Dumlupınar Sağlık Hizmetleri Anonim Şirket

Loan desecription

ICBC Turkey provides EUR 15 million loan for Kütahya PPP Hospital Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2019, ICBC Turkey signed an EUR 15 million bridge loan agreement with Dumlupınar Sağlık Hizmetleri Anonim Şirketi — a special purpose vehicle and joint venture of Güriş Inşaat ve Mühendislik Anonim Şirketi and Güriş Holding Anonim Şirketi — for the Kütahya PPP Hospital Construction Project. This project involves the construction of the 600-bed capacity Kütahya Hospital (known as Kütahya Şehir Hastanesi). The construction area of the general hospital is 145.000 m2.