Sacyr Concesiones closes financing for Antofagasta hospital concession

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Sacyr Concesiones closes financing for Antofagasta hospital concession

Sacyr Concesiones has completed the financing arrangements for the Antofagasta Hospital, its first hospital concession in Chile, for €230 million euros (US$286 million) maturing in 2030.

The financing arrangements have been agreed upon with Chilean banks Corpbanca and Banco Santander Chile.

The Antofagasta Hospital project encompasses its design and construction as well as the 15-year operation of non-clinical services (power supply unit, infrastructure maintenance and replacement of medical equipment, among others). All clinical services will be provided by Antofagasta Health Service, which manages all health-related operations at the hospital.

The works are now underway and are due for completion by late 2016. The consortium 'Consorcio Salud Siglo XXI' formed by Sacyr Concesiones and SNC Lavalin signed the contract for the hospital concession on June 12th, 2013.

The Antofagasta Hospital will be the largest hospital in Chile, covering a surface area of 122,000 m2: 671 beds, auditorium, heliport, 45 consulting rooms, 24 emergency rooms, 16 dentistry rooms and 18 highly complex surgical buildings. It will serve a population of 350,000.

The design of the hospital incorporates all possible safety measures to allow it to continue functioning independently in the event of natural disasters, making it a centre of reference for treating patients from the entire northern region of Chile. The most outstanding design features include the incorporation of seismic isolation throughout the hospital and its construction at over 30 metres above sea level, which exceeds tsunami safety standards.

Over the last six years, Sacyr has delivered 18 hospitals with an investment of over 1,810 million dollars and 1.38 million square metres of hospital construction in Spain, Portugal and Angola. Among the delivered hospitals, six (not counting Antofagasta) are managed by Sacyr under concession and involving various contract models, none fewer than 30 years, which is a measure of the company's expertise as well as its technical and human capacity.

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