SFVG REGIONAL SUSTAINABLE HEALTHCARE (EIB-20220007)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Netherlands
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 11, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
STICHTING SINT FRANCISCUS VLIETLAND GROEP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 84.36 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 80 million
Converted using 2022-12-09 exchange rate.
Project Cost (USD)
$ 189.82 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 180 million
Converted using 2022-12-09 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Dec 9, 2022

Disclosed by Bank Mar 15, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

DESCRIPTION

Financing the first phase of the long-term investment programme of Sint Franciscus Gasthuis and Vlietland, a general hospital operator in the greater Rotterdam area.

ENVIRONMENT

Hospitals are not explicitly mentioned in the EIA Directive 2014/52/EU amending the Directive 2011/92/EU, though the project is covered by Annex II of the Directive about urban development. The Bank's services will verify during appraisal the screening decision of the competent authority.

It is expected that the project will bear more comprehensive benefits to the community as healthcare is an element of social cohesion and economic development.

OBJECTIVE

The project covers the first phase of the Promoter's long-term strategy for reorganising service delivery across its two hospital facilities. It includes the construction of a new building (about 20 500 m2) on the site of the Franciscus Gasthuis which will enable the consolidation of a number of functions in a modern, state-of-the-art environment. Investments will hence support efficient and modern healthcare provision in the greater Rotterdam region.

PROCUREMENT

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/24/EC and/or 2014/23/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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No contact information was disclosed on the website page.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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