Project ID: 92346

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

Commitment amount

$ 18875359.995981656

Adjusted commitment amount

$ 18875360.0

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Türkiye

Sector

Health (Code: 120)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

Yes

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2019-01-01

Geography

Description

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.

Number of official sources

4

Number of total sources

5

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Details

Cofinanced

No

Direct receiving agencies [Type]

Dumlupınar Sağlık Hizmetleri Anonim Şirket [Joint Venture/Special Purpose Vehicle]

Loan Details

Bilateral loan

Investment project loan

Project finance