Linklaters advises Italian investors on the US$379.7m development of a Ugandan hospital project

Linklaters advises Italian investors on the US$379.7m development of a Ugandan hospital project

Linklaters has advised Italian investors and their Ugandan subsidiary, Finasi Roko Construction SPV Limited, on the US$379.7m development and financing of an International Specialized Hospital in Kampala, Uganda.

The facility with a 264-bed specialized Healthcare capacity will be operated as a world-class internationally accredited facility to treat conditions for which Ugandans have been travelling abroad. The conditions include cancer treatment, heart diseases, organ transplant, fertility treatment, highly specialized surgeries, and bone marrow transplant, among others.

In a first of its kind, the construction will be financed through the sale of promissory notes issued by the Ugandan government as a public-private partnership. The redemption of these notes by the government will repay the financing to the company for the construction of the specialized facility within six years from the commencement of operations.

The Linklaters team was led by Projects counsel Tessa Lee and managing associate Lucia Ciocarlan.

Linklaters has been active in Uganda for over fifteen years and has advised on many of the most significant transactions in Uganda’s economic history, including on the development of the 250MW Bujagali hydropower project and Orange Uganda on the sale and leaseback of its mobile telecoms network infrastructure enabling it to more efficiently expand its network and offer services in new areas.