Timisoara Hospital PPP (IFC-608047)

Countries
  • Romania
Geographic location where the impacts of the investment may be experienced.
Specific Location
Timisoara
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
  • International Finance Corporation (IFC)
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
Apr 10, 2024
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
Municipality of Timisoara
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Education and Health
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 26, 2025

Disclosed by Bank Sep 3, 2025

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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, IFC will assist the Municipality of Timisoara in structuring and implementing of a PPP transaction for the health sector. The PPP agreement will include the design, construction, financing, equipment and maintenance of a multi-profile hospital. IFC would apply a two-phased transaction implementation approach. In Phase 1, IFC will carry out a due diligence analysis of the Project, assessment of investors' interest, and the transaction structuring. In Phase 2, IFC will draft the tender documentation and support the Client in implementation and conclusion of the tender process.

The objective of the Project is to optimize the hospital network in Timisoara, increase efficiency of public expenditure on hospital construction and maintenance, creation of modern energy efficient hospital infrastructure by consolidation of existing outdated hospitals into a new multi-profile modern healthcare facility. The successful implementation of the Project is expected to result in the mobilization of private sector investment and expertise in the design, construction and maintenance of hospital infrastructure in line with modern standards.

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

Estimated Total Budget Pending


Contact Information
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No contacts available at the time of disclosure.

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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How it works