The Piedmont regional government is expected to start an 18 month tender process for a €455 million (US$520 million) hospital in the Italian city of Turin which will be financed under a public private partnership (PPP).
The teaching and research hospital will be built in the Avio-Oval area of the city, on what was formerly the site of a Fiat factory. The 1,040-bed project will include a 127,000 square metre healthcare and clinical training centre as well as a 10,000 square metre research centre and is expected to regenerate that area of the city.
Construction on the 30-year partnership is expected to take five years. The scheme will be supported by €150 million from the regional government, while revenues will come from concession services, commercial fees and availability fees based on contract performance.