EIB debt sought for Alcaniz hospital concession

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EIB debt sought for Alcaniz hospital concession

The European Investment Bank (EIB) is considering financing the new Alcañiz hospital PPP project located in Aragón, Spain.

The project was awarded this month to a team formed by Iridium Concesiones (ACS) and OHL.

The 193-bed hospital will have an area of 73.818 m². The project involves the construction, finance and maintenance of the new facilities for a period of 20 years. It will also includes non clinical services and he development of a general access road to the hospital.

The total project investment is estimated at €119.6 million (US$136.8 million). The proposed EIB finance could be approximately €50 million.

The total contract value during the concession period was estimated at €451 million (US$516.1 million) but the winning consortium bid €393 million, a 13% reduction in price.

The design was developed by EACSN Estudio de arquitectura in 2009.

Alcañiz is a town and municipality in the province of Teruel, in the autonomous community of Aragon, Spain. It has a population of about 17,000 inhabitants.

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