Romania prepares €480m EIB loans for hospitals
The Romanian Government has approved an in-principle agreement for two loans of about €480 million from the European Investment Bank to partly finance the building of two regional emergency hospitals in Cluj and Craiova.
Both loans would serve as bridge loans until Romania gets the projects financed from the European Union’s budget. A €250 million loan from the EIB for a similar regional emergency hospital in Iasi was signed in April. The Government plans to have the EIB financing for the other two emergency hospitals signed by the end of 2021. The implementation and coordination of the projects will be ensured by the Ministry of Health for approximately seven years, with the deadline for drawing the loan amounts being 2028.
The total cost of the three regional hospitals (Iasi, Cluj, Craiova) amounts to about €1.64 billionn. The value of the investment project provided by the Cluj Regional Emergency Hospital is €539.6 million, and the hospital in Craiova would cost €603 million.
