Financial Close for Vigo hospital concession
On 2 August 2013, AXIS, the private equity arm of the Spanish public bank, Instituto de Crédito Oficial (ICO), has participated in the €320 million financing of Vigo hospital concession with a participative loan of €30 million.
The financing operation has been completed by:
- a €110 million loan from BBVA, Banco Santander, Banco Popular, Caixabank and NovaCaixa Galicia Banco;
- a €110 million loan from the European Investment Bank (EIB); and
- €70 million equity from the concessionaire.
The project includes the construction of the new Vigo Hospital (NHV) and the management of non-clinical services of the University of Vigo hospital (CHUVI).
The concessionaire, Sociedade Concesionaria Novo Hospital de Vigo, S.A., is formed by Acciona, Concessia Cartera y Gestión de Infraestructuras, Dalkia and Puentes y Calzadas.
The concessionaire will manage the hospital for 20 years.
The hospital is expected to become operational in 2015 after a construction period of 4 years and will have a capacity of 1,465 beds.
Source: ICO
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