Erdem&Erdem is proud to announce that during Bonds & Loans Awards Turkey in November in Istanbul, YDA Group of Companies received the first prize in the category of “Transportation Finance Agreement of the Year” and second price in the category of “Syndicated Loan of the Year” with for the financing of Dalaman Airport; and received third prize in the categories of “Project Finance of the Year”, “Syndicated Loan of the Year”, and “Structured Finance of the Year” with financing of Kayseri Integrated Health Campus. Bonds & Loans Awards are considered as the Oscars of the finance sector.
Erdem&Erdem represented YDA Group for both of the award winning projects that are pioneers in their own fields. Dalaman Airport is the first regional airport financed by EBRD and is a landmark project. Kayseri City Hospital of the Kayseri Integrated Health Campus is the first Turkish city hospital having concluded a significant international project financing.
Erdem&Erdem team led by Prof. Dr. H. Ercument Erdem advised YDA Group for the project financing worth of 330 Million Euros, including designing, construction and management (ancillary services) of Kayseri Integrated Health Campus Project, which is the first Public-Private Partnership (PPP) Project in Turkey’s health care industry.
Erdem&Erdem team also represented YDA Group as advisors in the joint financing for the construction and management of the new domestic terminal of Dalaman International Airport for 175 Million Dollars procured by EBRD and UniCredit Austria.
Since its foundation, Erdem&Erdem has been one of the leading law firms advising a diverse range of local and global clients for project financing and construction of private energy and infrastructure projects (airport and port operations, electricity generation) structured as Build-Operate-Transfer and Build-Operate investments, acting as advisors to sponsors, contractors, creditors, capital investors and international financing institutions. Our team has solid experience and know-how in project financing and structuring of PPP model investments, becoming a widely popular with Turkey’s developing investment and legal environment.
PPP projects are officially introduced by an explicit reference to the term itself under the “Law on Building and Renewal of Facilities and Procurement of Services through Public Private Partnership Model (No. 6428), content of which was initially included in the supplementary Article 7 of the Health Services Law (No. 3359). Turkey’s first and foremost implementation of PPP projects currently are targeted to building and renewing hospitals, however the expectation is that with the structured legal framework introduced by the PPP Law, it will be possible to see a growth in more investments in PPP models in infrastructure, education and healthcare by the incumbent government.
Our team has spent considerable time advising our clients in PPP and PPP-like projects in Turkey and abroad, therefore they are familiar with the challenges and advantages of PPPs in Turkey and abroad We believe our team’s long standing experience combined with YDA Group’s stronghold in the industry has been instrumental for YDA Group’s recognition by Bonds & Loans.
