- This is the second and final tranche of the €450 million loan provided by the EIB for the construction of the hospital.
- This new health infrastructure is strategic for the Galicia region in Spain, and it will increase existing capacity to serve an area with a population of 550 000 people.
- The new hospital will also meet the highest medical and environmental sustainability standards. Its financing comes under the EIB's strategic priority to strengthen social infrastructures in the European Union.
- As well as EIB financing, the project will also receive a grant from the European Union’s Just Transition Mechanism.
The European Investment Bank (EIB) and Xunta de Galicia (the Galician regional government) have signed a €160 million loan to finalise works to the new university hospital in A Coruña, Spain. It is the second and final tranche of the €450 million loan that the EIB has provided since 2023 to fund the hospital’s construction.
The new university hospital of A Coruña (Novo CHUAC) is a strategic project for public health in Galicia and a historic investment in the region. The investment covers the construction of the new hospital, which will meet high medical, architectural and energy efficiency standards. Once operational, the hospital is expected to serve an area with a population of 550 000 people, thus securing its position as the main hospital in the A Coruña area and reinforcing its role as a medical research centre.
“Since the start of this key project for healthcare services in Galicia, the EIB has shown its commitment to the new university hospital of A Coruña in Spain,” said Director of EIB Operations for Public Sector Lending in the European Union Gilles Badot. “Today we sign the final tranche of an EIB loan worth €450 million. This financing will enable Xunta de Galicia to bolster its capacity and provide the highest-quality health services to people in the region, respond more effectively to current and future health emergencies, and make its health facilities more sustainable.”
Regional Minister of Finance and Public Administration of Xunta de Galicia Miguel Corgos said: “With this loan, the Galician regional government is securing the funding required for the new university hospital of A Coruña. This investment is essential for the development of health facilities in Galicia, which will also be supported with €60 million from the EU Just Transition Fund, as well as own funds.”
This EIB loan is unlocking the investment needed to get the new hospital up and running. This includes constructing new buildings that will span over 204 000 m2 and renovating 5 865 m2 of existing facilities, as well as works to connect the new and the old buildings and to construct an integrated car park covering an area of almost 47 000 m2. This project will triple the hospital’s surface area from 85 000 m2 to a total built area of almost 257 000 m2. In addition to significantly expanding the hospital, the project will also increase the number of beds and bolster the capacity of intensive care units and outpatient surgery.
This financing contributes to the EIB Group's strategic priority to strengthen social infrastructure in the European Union, in order to lay the foundations for inclusive and sustainable growth. This is one of the Group's eight strategic priorities set out in its Strategic Roadmap for the years 2024-2027. In addition to EIB financing, this project is the first in the public sector in Spain to receive a grant from the EU Just Transition Mechanism. EIB advisory services helped it to obtain this grant.
Background information
EIB
The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.
The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.
All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.
In Spain, the EIB Group signed new financing worth €12.3 billion for over 100 high-impact projects in 2024, contributing to the country’s green and digital transition, economic growth, competitiveness and better services for its people.
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