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Turkey

EBRD mulls 50 mln euro loan to Turkey's MLP Saglik Hizmetleri

Dec 19, 2014, 10:11:42 AMArticle by Doinita Dolapchieva
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December 19 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Friday it is considering lending 50 million euro ($61.4 million) to Turkish hospital chain MLP Saglik Hizmetleri for the opening of six new hospitals and the expansion of an existing one through 2017.

EBRD mulls 50 mln euro loan to Turkey's MLP Saglik Hizmetleri
Author: EBRD Licence: All Rights Reserved

The total cost of the project is 155 million euro, the EBRD said in a project summary document posted on its website.

Through this project the bank aims to achieve a strong transition impact in Turkey, deriving from setting standards for corporate governance and business conduct and from transfer of skills by improving the private provider market which is held back by the lack of quality healthcare professionals in Turkey, the EBRD said.

The loan is pending final review.

MLP Saglik Hizmetleri, a joint stock company registered in Turkey, is the leading hospital chain in the country.

($ = 0.8137)

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