Nicaragua: $115 Million for Hospitals

The Central American Bank for Economic Integration approved a line of credit, whose funds will be used by the Nicaraguan government for the construction of six pre-industrialized steel modular hospitals.

Friday, March 26, 2021

The initiative is focused on the construction of 6 pre-industrialized and pre-designed modular steel hospitals in five cities of the country, with a 378-bed capacity and their respective equipment, informed the Central American Bank for Economic Integration (CABEI).

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According to the multilateral body, for the execution of the project "Strengthening of the Attention Capacity in the Hospital Service Network in Prioritized Health Units", whose total cost amounts to $114.6 million, $85 million will be financed by CABEI and the remaining $29.5 million will be co-financed with resources from an Export Credit Agency.

The official statement highlights that "... the area of direct intervention corresponds to the departments that are served by the hospital centers, in which the modular hospitals will be installed, being these: Managua, Masaya, Granada, Carazo, Rivas, Matagalpa, Jinotega, Estelí, Madriz, Nueva Segovia, Chontales, Boaco, Nueva Guinea and Río San Juan. However, given that some of the hospitals are national reference centers, it is expected to benefit the whole country."

The document adds that "... CABEI financing will be divided into two tranches: A first tranche will be for $18.5 million and a second tranche for $66.5 million. It will also have a term of up to 10 years and 9 months, with a grace period of up to 15 months, at an indicative weighted annual rate of 1.75%."

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