Clifford Chance advises on the €365 million financing of Kokshetau Hospital in Kazakhstan, marking the first healthcare PPP in Central Asia

Clifford Chance advised a consortium of international financial institutions, including the European Bank for Reconstruction & Development (EBRD), 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), on the €365 million financing for the development of the Kokshetau Hospital.

This landmark project, led by Rönesans Holding’s Kazakhstan subsidiary, involves the construction of a 630-bed multidisciplinary hospital in Kokshetau. As the first healthcare PPP in Kazakhstan and Central Asia, it will enhance services for over 730,000 residents and set a new standard for digitalisation with a digital hospital information management system.

The Clifford Chance team advising on this significant transaction was led by Sait Eryilmaz (Partner, Istanbul) and Nikolaï Eatwell (Partner, Paris), with support from Edward Bretherton (Partner, London), Qudeer Latif (Partner, Dubai), Folko de Vries (Partner, Amsterdam),  Michael Brown (Partner, London), Ali Can Altıparmak (Senior Associate, Istanbul), Pelinsu Demircan (Senior Associate, Istanbul), Başar Kırka (Senior Associate, Istanbul), Shauaib Mirza (Counsel, Dubai),  Jonathan Forrest (Senior Associate, London), Martine Trip (Senior Associate, Amsterdam), Tracy Poon (Senior Associate),  Bilgesu Çakmak (Associate, Istanbul), Aishah Bashir (Associate, Dubai) Aykan Karpuzcu (Trainee, Istanbul).