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Türkiye’de Kamu Özel Ortakliği Sağlik Projeleri

Year 2016, , 105 - 119, 27.12.2016
https://doi.org/10.22139/jobs.287248

Abstract

Proje finansmanı, beklenen nakit akışına bağlı olarak uzun dönemli
yatırımları finanse eden bir mekanizma olup projeye ilişkin varlık ve
yükümlülükler genellikle, kurulan özel amaçlı şirketin (ÖAŞ) mali
tablolarında yer almaktadır. Son yıllarda, Türkiye’deki sağlık hizmetlerinin
bir bölümü, proje finansmanının önemli bir rol oynadığı, Kamu Özel
Ortaklığı (KÖO) modeli kapsamında özel sektöre delege edilmiştir. Bu
modelde yatırım özel sektör tarafından gerçekleştirilmekte, olası riskler ise
taraflar arasında paylaşılmaktadır. Söz konusu yatırımların finansmanında
ise genel olarak sendikasyon kredisi kapsamında yerel bankacılık sistemi
devreye girmektedir. Ancak, projelere uzun vadeli kaynak sağlayan
Türkiye’deki bankacılık sektörü, uzun dönemli kaynak elde etme
konusunda sınırlı kapasiteye sahiptir. Bu çalışma, Türkiye’de
gerçekleştirilmekte olan KÖO Sağlık Hizmetleri Projeleri’nin finansal yapısını süreçte yer alan bankacılar ile görüşmeler gerçekleştirerek
incelemeyi amaçlamaktadır.

References

  • Accredited Hospital Association. (2012). Turkey health sector report. Retrieved April 2016 from http://www.ahd.org.tr/Upload/
  • Document/document_YASED_Saglik_Sektoru_ Raporu_2013_02_18_15_02_07.pdf
  • Acerete, B. Stafford, A. Stapleton, P. (2011). Spanish healthcare public private partnerships: the “Alzira model”.
  • Alam, Zinat S. (2010). An empirical analysis of the determinants of project finance: cash flow volatility and correlation. Dissertation. Georgia State University
  • Banking Regulation and Supervision Agency. (2016). Turkish banking sector monthly bulletin. Retrieved April 2016 from http://ebulten.bddk.org.tr/ABMVC/#
  • Central Bank of the Republic of Turkey. (2015). Financial stability report. Retrieved April 2016 from http://www.tcmb.gov.tr/
  • wps/wcm/connect/TCMB+TR/TCMB+TR/Main+Menu/Yayinlar/Raporlar/Finansal+Istikrar+Raporu/2015/Sayi+21/
  • Central Bank of the Republic of Turkey. (2016). Deposit statistics. Retrieved April 2016 from http://www.tcmb.gov.tr/
  • wps/wcm/connect/TCMB+TR/TCMB+TR/Main+Menu/Istatistikler/Bankacilik+Verileri/Turk+Lirasi+Mevduat+ve+Doviz+Tevdiat+Hesaplari
  • Directorate General for Health Investments. (2015). PPP department’s projects. Retrieved April 2016 from http://www.saglikyatirimlari.gov.tr/Default.aspx?tabid=347&ArtMID= 1034&ArticleID=25
  • Hainz, Christa. Kleimeier, Stefanie. (2006). Project finance as a risk-management tool in international syndicated lending. Discussion Paper No. 183. Governance and the Efficiency of Economic Systems
  • Scannella, Enzo. (2012). Project finance in the energy industry: new debt-based financing models. University of Palermo
  • Tham, Joseph. (2000). Return to equity in project finance for infrastructure. Development Discussion Paper No. 7576. Harvard University
  • The Banks Association of Turkey. (2016). Project finance statistics. Retrieved April 2016 from http://www.tbb.org.tr/tr/bankacilik/banka-ve-sektor-bilgileri/istatistiki-raporlar/59
  • The World Bank. (2016). Retrieved April 2016 from http://data.worldbank.org/indicator
  • Turkish Statistical Institute. (2016). Main statistics. Retrieved April 2016 from http://www.turkstat.gov.tr/UstMenu.do?metod=
  • temelist

Public–Private Partnership Healthcare Projects in Turkey

Year 2016, , 105 - 119, 27.12.2016
https://doi.org/10.22139/jobs.287248

Abstract

Project finance is a financing mechanism to fund long-term investments considering the expected cash flow from the project at which asset and liabilities are generally booked in financial statements of special purpose vehicle (SPV). For recent years, healthcare services in Turkey are somewhat delegated to private sector through Public Private Partnership (PPP) model that project finance plays a critical role. In this model, investment is realized by private sector and risks are shared among related parties. The fund needed for investment can be raised through syndicated loans with the contribution of domestic banking system. Nevertheless, banking sector in Turkey has limited capacity to raise long term capital considering the funds utilized for these projects. This study aims to examine the finance structure of long-term PPP Healthcare Projects in Turkey by conducting interviews with the bankers who have been involved in this process.

Key words: Project finance, public private partnership, health

References

  • Accredited Hospital Association. (2012). Turkey health sector report. Retrieved April 2016 from http://www.ahd.org.tr/Upload/
  • Document/document_YASED_Saglik_Sektoru_ Raporu_2013_02_18_15_02_07.pdf
  • Acerete, B. Stafford, A. Stapleton, P. (2011). Spanish healthcare public private partnerships: the “Alzira model”.
  • Alam, Zinat S. (2010). An empirical analysis of the determinants of project finance: cash flow volatility and correlation. Dissertation. Georgia State University
  • Banking Regulation and Supervision Agency. (2016). Turkish banking sector monthly bulletin. Retrieved April 2016 from http://ebulten.bddk.org.tr/ABMVC/#
  • Central Bank of the Republic of Turkey. (2015). Financial stability report. Retrieved April 2016 from http://www.tcmb.gov.tr/
  • wps/wcm/connect/TCMB+TR/TCMB+TR/Main+Menu/Yayinlar/Raporlar/Finansal+Istikrar+Raporu/2015/Sayi+21/
  • Central Bank of the Republic of Turkey. (2016). Deposit statistics. Retrieved April 2016 from http://www.tcmb.gov.tr/
  • wps/wcm/connect/TCMB+TR/TCMB+TR/Main+Menu/Istatistikler/Bankacilik+Verileri/Turk+Lirasi+Mevduat+ve+Doviz+Tevdiat+Hesaplari
  • Directorate General for Health Investments. (2015). PPP department’s projects. Retrieved April 2016 from http://www.saglikyatirimlari.gov.tr/Default.aspx?tabid=347&ArtMID= 1034&ArticleID=25
  • Hainz, Christa. Kleimeier, Stefanie. (2006). Project finance as a risk-management tool in international syndicated lending. Discussion Paper No. 183. Governance and the Efficiency of Economic Systems
  • Scannella, Enzo. (2012). Project finance in the energy industry: new debt-based financing models. University of Palermo
  • Tham, Joseph. (2000). Return to equity in project finance for infrastructure. Development Discussion Paper No. 7576. Harvard University
  • The Banks Association of Turkey. (2016). Project finance statistics. Retrieved April 2016 from http://www.tbb.org.tr/tr/bankacilik/banka-ve-sektor-bilgileri/istatistiki-raporlar/59
  • The World Bank. (2016). Retrieved April 2016 from http://data.worldbank.org/indicator
  • Turkish Statistical Institute. (2016). Main statistics. Retrieved April 2016 from http://www.turkstat.gov.tr/UstMenu.do?metod=
  • temelist
There are 17 citations in total.

Details

Subjects Business Administration
Journal Section Articles
Authors

Hakan Öge This is me

Türker Baş This is me

Publication Date December 27, 2016
Submission Date September 7, 2016
Published in Issue Year 2016

Cite

APA Öge, H., & Baş, T. (2016). Türkiye’de Kamu Özel Ortakliği Sağlik Projeleri. İşletme Bilimi Dergisi, 4(2), 105-119. https://doi.org/10.22139/jobs.287248