The European Investment Bank (EIB) is considering financing a hospital in Treviso, a city and comune in Veneto, northern Italy.

The investment provides for the complete redevelopment of an existing hospital estate in Treviso, through the construction of a new inpatients' facility and the refurbishment of a number of existing buildings to be converted into day and outpatients' care facilities. It also includes the construction of a new energy centre, logistics centre and premises for education and training. The project will increase efficiency and effectiveness of the healthcare service provided, together with the creation of new parkland adjacent to the Sile river.

The investment modernizes and replaces an obsolete health estate that is no longer fit to deliver healthcare services according to modern standards. The project also embeds investments aiming to improve the energy efficiency of hospital and healthcare buildings, existing or new, to comply with stricter norms as described in national law.

The project will be delivered through a public-private partnership (PPP) scheme, which also includes the provision of hard facility management services, soft facility management services and commercial services over the 21-year concession period.

The total cost of the projects amounts to €267 million (US$293 million) and the EIB has proposed a €70 million (US$77 million) financing.

In late May, we reported the financial close of the Primary Care Center Programme PPP in UK. The project was financed by the EIB, and other banks under the UK Government’s programme of Public Private Partnership (PPP). The EIB provided up to 50% of the funding required.