Özet:

(Project Financing Models in Health Sector: A Model Suggestion and Feasibility Analysis) The governments are expected to provide qualified public services in health, education, transportation and infrastructure sectors with a minimum cost. However all these services require considerable amount of initial investment. Privatisation as an alternative financing model for public services is implemented since 1980’s. Within further discussions on advantages and disadvantages of privatisation, another alternative project financing model is defined as Public Private Partnership (PPP). A PPP is a system where a project investment is financed and operated through a partnership of government an one or more private sector companies. This model is being implemented for financing health, education, transportation and infrastructure projects widely in USA, Australia and Europe. This research conducts a comparative feasibility analysis of a 100-bed capacity hospital project under conventional procurement and public private partnership model. The project cycle is defined in three phases as designing, constructing and operating. The cash flows of both government and private partner are estimated for each phase then net present value and internal rate of return of the project is computed and concluded that financing the hospital project with a PPP model benefits both the government and private company and increases public satisfaction due to more qualified and health service with minimum cost.

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