Türkiye’de Kamu Özel Ortakliği Sağlik Projeleri

Yıl 2016, Cilt: 4 Sayı: 2, 105 - 119, 27.12.2016

Hakan Öge Türker Baş

https://doi.org/10.22139/jobs.287248

Cited By: 2

Öz

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.

Anahtar Kelimeler

Proje finansmanı, kamu özel işbirliği, sağlık

Public–Private Partnership Healthcare Projects in Turkey

Öz

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

Anahtar Kelimeler

Project finance, public private partnership, health

Kaynakça

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