The European Investment Bank (EIB) is considering financing the new Alcañiz hospital PPP project located in Aragón, Spain.

The project was awarded this month to a team formed by Iridium Concesiones (ACS) and OHL.

The 193-bed hospital will have an area of 73.818 m². The project involves the construction, finance and maintenance of the new facilities for a period of 20 years. It will also includes non clinical services and he development of a general access road to the hospital.

The total project investment is estimated at €119.6 million (US$136.8 million). The proposed EIB finance could be approximately €50 million.

The total contract value during the concession period was estimated at €451 million (US$516.1 million) but the winning consortium bid €393 million, a 13% reduction in price.

The design was developed by EACSN Estudio de arquitectura in 2009.

Alcañiz is a town and municipality in the province of Teruel, in the autonomous community of Aragon, Spain. It has a population of about 17,000 inhabitants.