According to MIGA website, on July 19, 2017, MIGA issued guarantees of ¥13.3 billion (US$119 million) to Sojitz Hospital PPP Investment B.V. of the Netherlands for an equity investment and shareholder loan into the Istanbul Ikitelli Integrated Health Campus Project in Turkey. The guarantees, available for up to 20 years, provide coverage against the risks of transfer restriction, expropriation and breach of contract.
The project is expected to improve access to high quality health services for the Çekmece region of Istanbul (population 2.8 million) as well as the rest of Istanbul through the construction of a new integrated health campus, which will increase the city’s healthcare capacity and provide greater access to specialty hospitals. Given Istanbul’s historical and anticipated population growth, the construction of new healthcare facilities is critical. Improved and/or new infrastructure will also contribute to improved energy efficiency in Turkey’s public hospitals.
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF MIGA
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