The District Department of Health (SDS), in compliance with the Bogota Better for All Development Plan, and the National Development Bank (FDN) has launched the verification process of enabling requirements to execute the project of the New Bosa Hospital, through the Public-Private Partnership scheme (PPP).

The project involves the design, financing, construction, provision, administrative operation, replacement and maintenance of equipment and hospital infrastructure of the new Bosa Hospital facility in Bogota, Colombia. The facility will be built on a 30,000 sq.m area of land and would have up to 215 new beds. 

Under the PPP model, public money is not disbursed until the contractor has delivered the entire work under the conditions required and stipulated in the initial contract. This makes it possible to guarantee that the resources of Bogotá are well used and that investment in the public hospital system is protected.

Those interested in participating in the tender must prove experience in obtaining resources to finance infrastructure projects totaling at least COP300 billion (US$92 million), experience in hospital construction, financial capacity with a minimum net worth of COP120 billion (US$37 million), plus an index of indebtedness or firm credit quota, and legal capacity.

The Bosa Hospital will focus on the provision of medium and high complexity services, aimed at the care of chronic patients with cardiovascular diseases, kidney disease, diabetes, epoc and osteoarthritis, among others, for up to 400,000 people. 

For the structuring process, the NDF was accompanied by a multidisciplinary team in which the World Bank's IFC participated as co-structuring and financial advisor; Currie & Brown as technical advisor and Duran & Osorio as legal advisor, among others.