CEB and Sector 6 in Bucharest join forces to build a state-of-the-art hospital

The agreement, signed by Sector 6 Mayor Ciprian Ciucu and CEB Vice-Governor for Target Group Countries Tomáš Boček, signifies a joint commitment to enhance healthcare infrastructure in Romania. The construction of this new hospital is expected to last three years, with a total budget of €145.8 million. The CEB loan will also be bolstered by an InvestEU Advisory Hub grant, in the amount of €1.8 million, to fund the project management expenses during the preparatory and design phase, so as to ensure adherence to best practices.

This Sector 6 hospital has been designed to respond to the needs of the local population. It is the first public hospital of this size to be developed by a municipality in Romania and the first public general hospital built in Bucharest by a local public authority in the last 45 years. The project will be developed through a Design-Build-Equip-and-Maintain contract to avoid delays in the hospital delivery and prepared with the support of TUD Group, financial and technical adviser.

“I am very excited; this is the project of my life, my passion project. We have the land, we've already buried the utility networks, so the construction site has somehow begun. Now it also has funding! A project becomes serious when it has funding; otherwise, it is just an idea, an intention,” said Ciprian Ciucu, Mayor of Sector 6 of the Municipality of Bucharest.

“We are proud to support this ambitious project, which underscores our commitment to improving access to quality medical services for all Bucharest residents and, in particular, for the underserved populations,” said Tomáš Boček, CEB Vice Governor for Target Group Countries.

The new hospital is poised to significantly improve healthcare services with over 300 beds, encompassing eight wards, eight operating rooms, seven birthing rooms and a top-tier emergency department.

Medical services will focus on minimally invasive procedures and treating patients in outpatient care, when possible, to avoid unnecessary hospitalisation. This offering of outpatient services will be complemented by inpatient services in the identified areas such as surgery, neonatology, gynaecology-obstetrics, cardiology, internal medicine, neurology and intensive care.

The Council of Europe Development Bank (CEB) is a multilateral development bank, whose unique mission is to promote social cohesion in its 43 member states across Europe. The CEB finances investment in social sectors, including education, health and affordable housing, with a focus on the needs of vulnerable people. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. As a multilateral bank with an excellent credit rating, the CEB funds itself on the international capital markets. It approves projects according to strict social, environmental and governance criteria, and provides technical assistance. In addition, the CEB receives funds from donors to complement its activities.