Turkiye: Istanbul Green and Resilient Hospital (AIIB-001086)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Turkiye
Geographic location where the impacts of the investment may be experienced.
Specific Location
Bakirkoy
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 1, 2027
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Turkiye
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 344.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 344.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 574.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS May 28, 2026

Disclosed by Bank May 7, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the AIIB, the Project aims to improve the resilience of health services at the Bakirkoy Health Campus and strengthen its capacity to deliver uninterrupted healthcare to Istanbul's population during and after seismic and extreme climate events.

The Project involves the reconstruction of specialized hospitals to ensure compliance with the 2018 Turkish Building Earthquake Code (as revised), enabling the continuity of healthcare services and providing safe spaces for Istanbul's residents in the event of earthquakes. The Project will also expand hospital capacity from 1,548 to 1,600 beds. In addition, it will enhance resilience to climate change, improve energy and resource efficiency, and incorporate nature-based solutions, with the objective of achieving Leadership in Energy and Environmental Design (LEED) Gold Level certification.

The Project has two components:

  • Component A: Reconstruction and Capacity Expansion of Three Hospitals in the Bakirkoy Health Campus (EUR481 million, AIIB Financing: EUR291 million).
    Activities under this component will include: (a) site preparation; (b) reconstruction of hospital buildings to meet the 2018 Turkish Building Earthquake Code standards, and facilitate an increase in bed capacity; (c) integration of design elements to ensure resilience to climate-related hazards; (d) incorporation of energy-efficient, low-carbon and resource-efficient elements in the building's systems; and (e) installation of hospital utilities essential for service delivery.

  • Component B: Project Management, Construction Supervision and Monitoring and Evaluation (EUR19 million, AIIB Financing: EUR9 million).
    This component will finance operational and project management costs, including monitoring and evaluation activities, and support on environmental and social (ES) safeguards, procurement, and financial management. This component will also support construction supervision.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As reported by the AIIB -

Total Project Cost: EUR500 million (USD574 million)
- AIIB financing: EUR300 million (USD344 million)
- CEB financing: EUR200 million (USD230 million)


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB Team Leader:

Nat Pinnoi - Senior Investment Officer
Email: nat.pinnoi@aiib.org

Council of Europe Bank:

Sonay Kanber - Country Manager for Türkiye
Email: Sonay.KANBER@coebank.org

Government of Turkiye:

Kerem Donmez - Director General, General Directorate of Foreign Economic Relations
Email: kerem.donmez@hmb.gov.tr

Implementing Agency - Istanbul Project Coordination Unit (IPCU):

Yalcin Kaya - Director of IPCU
Email: ykaya@ipkb.gov.tr

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

How it works

How it works