EIB issues 27-yr, €250m loan for new hospital in Iasi

In:

Social infrastructure

Region:

Europe

The European Investment Bank is providing €250 million in financing for the construction of a new regional hospital in Romania's second city of Iasi. The 27-year loan represents the EIB’s largest ever support for healthcare in Romania.

The 850-bed facility will replace the existing, 260-year-old, Saint Spiridon County Emergency Hospital and improve teaching and research at the Grigore Popa University of Medicine and Pharmacy, in Iasi.

The seven-storey hospital will provide both in-patient and out-patient health care and is expected to be operational in 2027. It will provide specialised healthcare for 3.2 million people in north-eastern Romania. The EIB is currently appraising possible financing for two other regional hospitals in Romania in Cluj and Craiova.

View source

Shona Tatchell: EBRD's new head of trade facilitation on digitalisation and sustainability

Interview

07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on...

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD)...

Financing last-mile connections in Africa

Perspective

17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as...

Must See

Video

14 March 2024

EDB’s cheatsheet for cross-border PPPs

Cross-border PPPs are complex and few in number - but potentially highly impactful. Evgeniy Vinokurov, chief economist at Eurasian Development Bank (EDB), discusses the findings from EDB’s 2023 report 'Cross-Border Public- Private Partnerships' and what makes for a successful cross-border PPP.

Interview

07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on digitalisation and sustainability

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD) Trade Facilitation Programme (TFP), discusses her unusual journey to the role, and how she is well placed to help champion digitalisation and sustainability in trade.

Perspective

17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as significant as new large-scale generation projects.