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The European Investment Bank (EIB) is assisting the Madrid Region in its efforts to tackle the COVID-19 health emergency. The EU bank is providing a EUR 600 million loan on favourable terms to enable the authorities to adapt Madrid’s

health facilities and cope with the additional health costs caused by the pandemic.

The EU bank funding will help the Madrid Region to continue adapting hospitals and other health centres to increase the capacity of their primary care facilities, intensive care units and emergency services. At the same time, it will finance the extraordinary operating expenditure caused by the pandemic, guaranteeing resources to ensure the availability of medical supplies and payment of additional salary costs stemming from the increase in healthcare staff. The EIB funding will also enable the Madrid Region to acquire more personal protective equipment and more resources to diagnose and treat the disease. Part of the funding will be used to boost the COVID-19 research carried out by local teams.