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Specialised hospital care and medical treatment for 3.2 million people in north-eastern Romania will be transformed by EUR 250 million new financial support by the European Investment Bank for construction of a new regional hospital in the

country’s second city Iasi. The new 27-year loan represents the EIB’s largest ever support for healthcare in Romania. Further EIB investment in Romanian hospitals is expected to be confirmed in the coming months.

Increasing access to quality healthcare.    The new EIB support will improve the quality and efficiency of acute, secondary and tertiary medical treatment in north eastern Romania, using the latest technology and healthcare expertise.

The new hospital will also help to strengthen public health response to the COVID-19 pandemic and improve preparedness against future pandemics.

The 850 bed facility will replace the existing, 260 year old, Saint Spiridon County Emergency Hospital and improve teaching and research at the Grigore Popa University of Medicine and Pharmacy in Iasi.

The new 7-storey hospital will provide both in-patient and out-patient health care and is expected to be operational in 2027.

First Romanian hospital to benefit under new EIB advisory and financing initiative.   The EIB is currently appraising possible financing for two other regional hospitals in Romania in Cluj and Craiova.

All three projects have benefitted from an extensive advisory and technical assistance package provided by EIB experts and external consultants in the context of EU funded programmes, including the European Investment Advisory Hub, JASPERS and PASSA. The advisory support included the development of feasibility studies, advice on project implementation and on the optimal use of EU funds.

Last year the EIB Group provided more than EUR 809 million of new financing to support higher education, water distribution, energy efficiency and private sector investment across Romania.

The European Investment Advisory Hub (EIAH or the Advisory Hub) is a partnership between the EIB Group and the European Commission as a part of the Investment Plan for Europe. It is designed to act as a single point of entry to a comprehensive offer of advisory services and technical assistance, aiming at providing targeted support to identify, prepare and develop investment projects across the European Union. It supports both public and private project promoters.