Rönesans has signed the financing agreement for the Kokshetau Hospital, the first hospital in Kazakhstan and the wider region to be implemented under the Public-Private Partnership (PPP) model. Having operated in Kazakhstan since 2014, delivering numerous large-scale projects such as Mega Silk Way and Talan Towers, Rönesans Holding is now spearheading the development of the PPP model in Kazakhstan following its success in Türkiye.
The Kokshetau Hospital, named after the city, where it will be constructed, is set to be built on a 170,000 square meter site, with a total closed area of 110,000 square meters. With a capacity of 630 beds, the hospital will also provide outpatient treatment to 500 patients daily. Designed to offer modern and uninterrupted healthcare services, Kokshetau Hospital is expected to generate employment for more than 1,300 individuals over its seven-year project lifecycle, while creating additional job opportunities in the surrounding areas, thereby contributing to regional economic growth and development. As Central Asia’s first PPP hospital project, it marks a significant milestone for the country’s healthcare sector.
The €456 million project has been co-financed by prominent international financial institutions, including the European Bank for Reconstruction and Development (EBRD), Asian Infrastructure Investment Bank (AIIB), Proparco (a subsidiary of the French Development Agency), ICD (Islamic Corporation For The Development of The Private Sector), DEG (German Investment and Development Corporation), and the Development Bank of Kazakhstan (DBK). Construction is scheduled to be completed within two years. Following completion, Rönesans Holding will be responsible for facility maintenance and the operation of a 24/7 hospital information management system for five years. Rönesans Holding has placed sustainability at the core of the Kokshetau Hospital project as with all its projects, with the aim to achieve “Silver” certification under the LEED green building standard and “Silver” certification under EDGE for water and energy savings.
100