Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 12,800,000
    Countries
    Sector(s)
    Bulgaria : € 12,800,000
    Health : € 12,800,000
    Signature date(s)
    12/09/2023 : € 12,800,000
    Link to source

    Summary sheet

    Release date
    19 September 2022
    Status
    Reference
    Signed | 12/09/2023
    20220481
    Project name
    Promoter - financial intermediary
    BURGAS SPECIALIZED CHILDRENS HOSPITAL
    BURGAS MUNICIPALITY
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 13 million
    EUR 77 million
    Location
    Sector(s)
    • Health - Human health and social work activities
    Description
    Objectives

    The project consists of the construction and equipment of the Burgas Children Hospital that will be located in the Municipality of Burgas and will cover the medical needs of children from the whole southeast region.

    The project's main objective is the establishment of appropriate infrastructure to enable the delivery of specialised paediatric healthcare services for the south-eastern region of Bulgaria. The project is intended to create a new type of medical institution, fully focused on the needs of children and their treatment with the active participation of parents or caretakers.

    Additionality and Impact

    The project supports the Bank's primary objective "Innovation, digital and human capital" (Health and Education and Public Research). It includes facilities, which, besides their main goal to provide specialized paediatric health care services, are also envisaged to be dedicated to medical education and medical research and, by this the project adds to the relevant European, national and regional policies in the area of health sector, research and education.


    The project aims to provide higher quality and more accessible paediatric healthcare services. By providing tertiary and quaternary paediatric health care facilities, currently non-existing in the region, the project responds to the unmet health care services need of the catchment population. The project also supports the increased quality of medical education at the only medical university in this region. The new hospital premises will also help attract and retain skilled medical professionals.


    The EIB's involvement in the financing of the project will contribute significantly to the improvement of the promoter's financial profile by diversifying its funding base, increasing its debt maturity structure and lowering its average cost of funding. In relation to non-financial contribution, the project already benefits from extensive EIAH Advisory Support for the assessment of its feasibility, including next stage functional planning and preliminary design related activities in line with best European and international practices and standards.

    Environmental aspects
    Procurement

    The project comprises the construction and equipping of medical facilities. Hospitals are not specifically mentioned in the EIA directive 2014/52/EU amending Directive 2011/92/EU, though the project is covered by Annex II of the Directive in relation to urban development. The Bank's services will verify during appraisal the screening decision of the competent authority. In line with Directive 2010/31/EU, the new and rehabilitated buildings will have to meet at least the relevant national targets on energy efficiency. The design energy performance of the hospital and any specific related targets to be met will be verified during appraisal. It is expected that the project will bring wider benefits to the community as healthcare is an element of social cohesion and economic development. The Bank will encourage the promoter to take into account circular economy principles during the development and future operation of the project.

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/24/EU, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - BURGAS SPECIALIZED CHILDRENS HOSPITAL
    Publication Date
    28 Jun 2023
    Document language
    Main Topic
    Lending
    Document Number
    169434864
    Document Focus
    Environmental Information
    Project Number
    20220481
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications