Sector 6 will benefit from the first state general hospital built in the last 34 years, after the contract for the non-reimbursable financing of technical assistance was signed today
The Sector 6 Hospital benefits from its first financing! Mayor Ciprian Ciucu signed this day, April, 24th, in Paris, together with Tomáš Boček – Council of Europe Development Bank Vice-Governor, a grant amounting to EUR 1.8 million. Said funding is non-reimbursable and is to be used for technical assistance. This project benefits from the support of the European Union by means of the InvestEU Advisory Hub.
The financing comes after approximately two years. The project of the Hospital in Sector 6, the first ever to be built by a public authority, in Bucharest, in the last 34 years, has been subject to analysis and appraisal by CEB experts since 2022.
Ciprian Ciucu, Sector 6 Mayor: „The general hospital is going to be a complex one, with over 300 beds.” „Subsequently to titans’ work, we now have the first results. The fact that we received this money proves that the project is mature and extremely important, meeting all the conditions. CEB only finances well-drafted projects. From the Bank, we receive expertise in hospital building and management. Experts to guide us throughout implementation. The general hospital shall be a complex one, with more than 300 beds, ten wards, eight operating rooms, seven baby deliveries rooms, and emergency admission unit and shall be built at the address: 101E Bd. Timișoara, between Militari and Drumul Taberei neighborhoods, near A1 highway, from where victims of road accidents may be quickly taken over”, Ciprian Ciucu, Sector 6 Mayor stated.
In the second stage, the hospital is to receive funding amounting to EUR 72.9 million from CEB, to which EU funds and money from both local and state budget are to be added. The overall cost is estimated at over EUR 145 million.
„The financial structure of this project is a complex one. We are talking about EU non-reimbursable funds for technical assistance and a partial guarantee from the European Commission, by means of the InvestEU Programme, Sector 6 own funds and funds provided by an International Financial Institution such as CEB”, Mihai Tudorancea, Managing Director TUD Group explained – TUD Group is the advisory company supporting Sector 6 Municipality throughout this journey, from developing the medical concept, to completing the feasibility study and to securing the financing.
Sector 6 Hospital, in figures:
- Estimated cost: EUR 145,839,091;
- Total area: 30,413 sqm (of which 15,400 for hospital areas);
- 307 beds (257 continuous hospitalization and 50 one-day- care);
- 8 operating rooms;
- 7 baby delivery rooms;
- 75 medical examination rooms;
- 10 wards: Cardiology, Surgery, Internal Medicine, Neonatology, Neurology, Orthopedics, Oncology, Obstetrics-Gynecology, Intensive Care Unit – Adults, Neonatal Intensive Care Unit;
- 1 emergency admissions unit of 1,689 sqm.
About CEB:
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.
About TUD Group:
TUD Group is one of the largest groups of local independent companies in Romania, which provides a complete and complex range of financial advisory, IT solutions and specialized technical advisory services.
In its 17 years of existence, TUD Group has worked together with both local public authorities and private companies which set out to develop ambitious projects, thus enabling positive changes. TUD Group’s portfolio includes partnerships developed with over 15 banking institutions (both local and international) and over 20 local public authorities or private entities. Throughout the years, the group has drawn financing amounting to lei 5.5 billion from the local market and has contributed to the implementation of projects worth over EUR 1.3 billion, with financing from the international financial institutions such as the European Investment Bank, the European Bank for Reconstruction and Development, the Council of Europe Development Bank.
