The European Bank for Reconstruction and Development (EBRD) has announced financing for the construction and operation of a new 630-bed multi-disciplinary hospital in Kokshetau, Kazakhstan, under a public-private partnership (PPP) model.
This initiative marks the first healthcare sector PPP in both Kazakhstan and Central Asia.
The project entails the development of a 110,000m² greenfield facility, which will serve more than 730,000 residents of Kokshetau and the broader Akmola region.
Under the PPP agreement, the private partner will develop and maintain the facility and manage a digital hospital information management system (HIMS).
HIMS will operate around the clock to advance the digitalisation of Kazakhstan's healthcare sector.
A financing package of €365m ($395.52m) is being arranged by the EBRD for the project, with contributions from six financial institutions.
EBRD is providing a loan amounting to €105m to the private partner, a subsidiary of Rönesans Holding from Türkiye and a long-term client of the bank.
Co-financing includes parallel loans totalling up to €260m from the Asian Infrastructure Investment Bank (AIIB), DEG, the Islamic Corporation for the Development of the Private Sector (ICD), Proparco, and the Development Bank of Kazakhstan (DBK).
EBRD president Odile Renaud-Basso said: “The EBRD is very happy to join forces with our longstanding client Rönesans Holding to launch the first healthcare sector PPP in Kazakhstan and the region.
“Recognised as one of the most effective forms of long-term contractual relationship between the public and private sectors, PPPs will help provide sustainable healthcare solutions, bring new technologies and improve the quality of medical services.”
Turar Healthcare, a state-owned healthcare operator, will provide the medical services at the hospital.
The new hospital aims to achieve a silver rating under the Leadership in Energy and Environmental Design (LEED) certification programme.
It also aims to secure an EDGE certification for its water and energy savings initiatives.
