Başakşehir Çam & Sakura City Hospital Largest of the World “PPP Deal of the Year” in Europe
Başakşehir Çam & Sakura City Hospital, a Public-Private Partnership project carried out by Renaissance Healthcare Investment and Japanese Sojitz, is awarded the “PPP Deal of the Year” for its JPY 163 billion financial closure.
Renaissance Healthcare Investment, a Rönesans Holding company renowned for its massive projects both in Turkey and other continents, continues to make a name with Public-Private Partnership (PPP) projects as well. Başakşehir Çam & Sakura City Hospital is the latest PPP project by Renaissance Healthcare Investment, one of the top PPP investors in Turkey, to reach financial closure under the roof of the Rönesans Holding. Set to be one of the largest hospitals of the world, the project has already brought Turkey an important award.
The project has been recognized as the “PPP Deal of the Year” in Europe at the Project Finance International (PFI) Awards organized by Thomson Reuters, one of the most prestigious business media and information firms. The awards of the event, which is held every year by Thomson Reuters to choose the best projects of the world, will be presented at a special ceremony in London on February 7, 2018.
THE MOST EARTQUAKE-RESISTANT PROJECT
Once completed, Başakşehir Çam & Sakura City Hospital, financial closure ceremony of which was held in June with President Recep Tayyip Erdoğan in attendance, will be one of the world’s largest hospitals. The hospital project will be implemented in partnership with Sojitz, one of the largest investment and trade companies of the world. The facility is designed to cover a construction area over 1 million sqm and to serve 23,600 patients per day with a projected bed capacity of 2,700. Başakşehir Çam & Sakura City Hospital will be rigged with more than 2,000 seismic isolators to become world’s largest seismically isolated building. Thus, operational activities will not cease even during and after an earthquake. Due for opening in 2020, the Başakşehir Çam & Sakura City Hospital Project will generate around 6,000 jobs during construction and approximately 10,000 once brought into service.
About Rönesans Group
Rönesans Holding, the conglomerate's top investment entity headquartered in Ankara, is the 38th largest international contracting company globally and the 9th largest in Europe. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years in construction, real estate development, healthcare and energy. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.
Under the leadership of its president, Erman Ilıcak, and Chair of the board, İpek Ilıcak Kayaalp, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR8 billion into pioneering projects globally.