Turkey's Dia Holding secures 272 million euro loan

Turkey's Dia Holding secures 272 million euro loan

ISTANBUL - Reuters
Dia Holding, which has interests from energy to construction, said on Nov. 21 it had secured a 272 million euro ($338 million) loan from three banks for a public private partnership hospital project in Mersin, southern Turkey.

Dia said in a statement it had secured the loan from Unicredit Bank Austria, Denizbank and Yapı Kredi.
The project is part of a Turkish government plan to build high-tech health centers across Turkey in collaboration with the private sector.

Turkish construction firm YDA Group also said it secured 315 million euro ($395 million) financing from local and international banks for another hospital project in the Central Anatolian province of Kayseri worth 420 million euro.

YDA said it will fund the remaining 105 million euro from its equity capital, according to an e-mailed statement from the company.

Turkish government decided to build massive integrated health campuses all around Turkey, equipped with latest technological medical equipment by using Public Private Partnership (PPP) model.