Elazig Health (IFC-38035)

Countries
  • Turkey
Geographic location where the impacts of the investment may be experienced.
Specific Location
Elazig
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
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
Dec 13, 2016
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
ELZ SAGLIK YATIRIM ANONIM SIRKETI
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)
$ 87.64 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)
$ 385.17 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.
Currency conversion note:
Bank reported 360
Converted using 2016-11-16 exchange rate.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 8, 2017

Disclosed by Bank Dec 13, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.
This project designs, finances, constructs and provides services to the Elazig Health Campus in Elazig, Turkey. This is one of the Public-Private Partnerships in the Turkish healthcare sector. The Elazig IHC will cover around 23 hectares (ha), including closed car parking area, with a hospital area of 16 ha. There are no residential areas adjacent to the project site. The campus will have a 1,038-bed capacity consisting of 888-bed general hospital, 150-bed high security forensic psychiatric hospital, and 60 unit oral and dental clinic. There will also be health support facilities, a commercial area, a technical unit building, a helipad and a 7.7 ha car parking area. A tri-generation plant, consisting of three natural gas engines, and boiler system will supply energy for the project. The planned construction period is three years, to be followed by an operational period of 25 years. As part of the project, ELZ Saglik will provide support to clinical services including laboratories, imaging, sterilization and disinfection and rehabilitation during the operating period while MoH will provide the core medical services. The project site is a vacant land plot in the Ulukent neighborhood, designated by the Elazig Municipality as a “public area requiring large land use” and has already been allocated to Ministry of Health (MoH). The site was under the ownership of the Turkish Treasury Department except for a small, 250 m2 plot that once included a small military cemetery consisting of eight unmarked graves. The cemetery was under the responsibility of the 8th Army Corps Commandership and the eight graves have recently been transferred to another cemetery in Elazig following the approval of relevant institutions. The plot is being transferred to MoH. IFC’s environmental and social specialists visited the project site on June 1, 2016. The visit included a walk-over of the future project area and meetings with key staff from the contractors and consultants teams, including the construction project manager, and EHS manager. IFC specialists also met with representatives of the project sponsors, the Deputy Director of Provincial Directorate of Health and the manager of one large scale hospital in the city.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The project is being developed by a special purpose vehicle called ELZ Saglik Yatirim AS, a newly established consortium comprising of Ronesans Holding A.S., Meridiam Infrastructure Eastern Europe SARL, Sam Yapi Sanayi ve Ticaret Sti., and Sila Danismanlik Saglik Bilisim Insaat Ticaret A.S. Ronesans Medikal Insaat A.S. (RMI), a subsidiary of Ronesans Holding, will be responsible for the construction phase. IFC is considering investing up to US$215 million in Ronesans Holding.

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.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works