RIJNSTATE SUSTAINABLE HOSPITAL CARE (EIB-20240002)

Countries
  • Netherlands
Geographic location where the impacts of the investment may be experienced.
Specific Location
Arnhem Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
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."
Borrower
Rijnstate Hospital
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.
Investment Amount (USD)
$ 98.56 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 90
Converted using 2024-03-07 exchange rate.
Project Cost (USD)
$ 219.02 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 200
Converted using 2024-03-07 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS May 5, 2024

Disclosed by Bank Apr 23, 2024


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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.

According to the Bank’s website, the project entails the strategic investment plans of the Rijnstate Hospital, aimed at optimising its healthcare infrastructure, service delivery and energy efficiency at its main location in Arnhem.

Background:
Stichting Rijnstate is a top-clinical teaching hospital in the province of Gelderland, in the Netherlands. It operates three locations in the region of Arnhem (Arnhem, Zevenaar and Elst). The hospital serves a population of about 433,000 people, provides about 725 inpatient beds and offers a total of 28 medical specialities including one of the largest pain management centres in the Netherlands. With about 6,600 people (4,100 FTEs), Rijnstate is the area's largest employer and one of the largest healthcare providers in the Netherlands.

The promoter faces the typical challenges of EU's health sector including a constant shortage of qualified staff, tightening budget constraints and a gradually increasing demand for care by an ageing population. To tackle these issues, Rijnstate has embarked a major investment programme (2024-2030) to adapt the existing facilities to the current medical requirements whilst increasing service quality and overall efficiency at its main location in Arnhem. Such programme also intends to significantly increase environmental sustainability in the first step (until 2030) and move to a completely carbon-free hospital at a later stage (by 2050), minimising the requirements of fossil fuels.

The project aims to finance the extension and rehabilitation (about 55 000 to 60 000 m2) of the existing main campus in Arnhem including the entrance hall, outdoor areas, offices, laboratories, radiology, clinics and academic areas. In addition, various measures are going to be implemented throughout the campus to improve the energy efficiency as well as to prepare for the move from gas-fired boilers to heat pumps using geothermal power.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Hospitals are not explicitly mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by 2014/52/EU, though the project is covered by Annex II of the Directive concerning urban development. According to the Bank’s website, it is expected that the project will bear comprehensive benefits to the community, as healthcare is an element of social cohesion and economic development.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Stichting Rijnstate / Rijnstate Hospital is a top-clinical teaching hospital in the province of Gelderland, in the Netherlands. It operates three locations in the region of Arnhem (Arnhem, Zevenaar and Elst).


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

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