CABEI agrees $500m financing for Costa Rican hospitals project
The Central American Bank for Economic Integration (CABEI) has approved the second largest financing in its history - a $500 million hospitals project in Costa Rica.
The funding will finance the design, construction, equipment and maintenance of the Monseñor Sanabria de Puntarenas, Max Peralta de Cartago and William Allen Taylor de Turrialba hospitals, which will together provide more than 1,000 new beds.
At the Monseñor Sanabria Hospital, the planned construction area is 72,132 m² to house a total of 474 beds. For this medical centre, CABEI had already approved $129 million in 2013, with the latest funding adding $88 million.
For the Max Peralta Hospital, in Cartago, the planned construction area is 94,094 m² to house a total of 450 beds. The new hospital will develop and implement research and training projects in various medical specialties and the expected cost is $288 million.
The William Allen Taylor Hospital, in Turrialba, it is expected to build 40,251 m² to house a total of 136 beds, in addition to enabling outpatient and hospital care through basic specialties and some subspecialties. The cost of the hospital was contracted in 2019 for $91.45 million.
The $500 million loan to The Costa Rican Social Security Fund has a 25-year term, with a five-year grace period.
