World Bulletin / News Desk
The European Bank for Reconstruction and Development (EBRD) announced Monday it would extend an €80 million (nearly $90 million) loan for construction of a new high-tech hospital in the southeastern Turkish province of Gaziantep, near the Syria-Turkey border.
"It has recently seen a sharp increase in population, partly due to the influx of refugees from neighboring Syria. Rapid population growth is putting a serious strain on healthcare services," the bank said in a statement.
According to the EBRD, the hospital was expected to benefit Gaziantep’s population of close to two million people.
A private investor would build and maintain a health campus worth €600 million (around $672 million) while Turkey's Ministry of Health would provide medical services under a public-private partnership model, EBRD said.
The new Gaziantep hospital, which will consist of a general hospital, a women's and children's hospital as well as a cardiovascular and oncology wing, is expected to be operational in 2020, it said. It is expected to have a total of 1,875 beds.
"Refugees in Turkey have access to the same cost-free medical treatment in public hospitals as local citizens, regardless of insurance coverage available to them, and so are expected to benefit equally from the new hospital," EBRD added.
According to the EBRD, the European Investment Bank is also supporting the project with €120 million (around $134 million) .
Investors in the project include South Korea’s Samsung C&T Corporation, Italian industrial group Salini Impregilo S.p.A, Turkish industrial construction company Kayi Insaat Sanayii ve Ticaret A.S., and the Korea-Turkey Gaziantep Healthcare Private Equity Investment Fund (PEIF), the EBRD said.
Since 2009, the EBRD has supported more than 230 projects in infrastructure, energy, agribusiness, industry and finance in Turkey.
Treasury reports central government debt stock in April rises 15.8 pct year-on-year, reaching $226.8 billion
Trade Commissioner Cecilia Malmstrom spoke ahead of talks of the EU's 28 trade ministers to discuss an attempt to woo the US away from punishing steel and aluminium tariffs and win Europe a similar break as handed China.
BIST 100 rises 0.45 percent; US dollar/Turkish lira exchange rate stands at 4.5760
Sberbank of Russia will cease to be shareholder in Denizbank, fifth-largest private bank in Turkey
Assets abroad up 1.1 percent March 2018 end, from end of 2017, says Turkish Central Bank
BIST 100 falls 0.24 pct; US dollar/Turkish lira exchange rate stands at 4.5500
His comments came after a joint statement issued in Washington said Beijing had agreed to reduce its trade deficit, "significantly" increasing purchases of American goods.
Euro area goods trade surplus reaches over $60B, EU28 deficit at $7.5B, official figures show
Property sales in April down 9.9 pct year-on-year, according to official data; sales to foreigners surge 25.8 pct
European stock markets meanwhile rose as the euro weakened against the dollar, but Wall Street pulled back in early New York trading.
BIST 100 climbs 0.44 pct; foreign currency exchange rates rise against lira
Banks' total assets reach over $42 billion as of March
Industrial output jumps 9.8 percent in Q1 and 7.6 percent in March year-on-year, official figures show
BIST 100 slightly increases by 0.07 percent; US dollar/Turkish lira exchange rate stands at 4.4680
Emerging market monetary policy could tighten more than expected as global monetary conditions normalize, says ratings agency