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| Astaldi to build Europe’s largest hospital complex Italy's Astaldi, holding a 51% stake in a joint venture with the Turkish construction firm Turkerler, has received the letter of award, as preliminary to signing the contract, of the concession contract for the design, construction, and operation of the Etlik Hospital complex in Ankara, Turkey. At current exchange rates, the total investment value amounts to EUR 940 million; EUR 567 million will be invested in carrying out the works. Concession revenues total EUR 2.4 billion, more than 85% guaranteed by availability fees that may be reassessed for inflation, and the remainder from delivering the services under agreement (planned and unplanned maintenance of buildings, roads, landscaping, electrical and medical equipment, and furnishings, as well as running the utilities). The concession is to have a duration of 28.5 years, 3.5 of which for the design and construction activities, with the remaining 25 years for operation. The works will be started in 2012. The entire facility is scheduled to be operative in 2015, and seven of the eight new hospitals will house healthcare facilities already operating in Ankara and transferred to the new complex. write your comments about the article :: © 2011 Construction News :: home page |