EIB Finalizes €160 Million Tranche to Complete Strategic Hospital Project in A Coruña with Broad Regional Impact

EIB Finalizes €160 Million Tranche to Complete Strategic Hospital Project in A Coruña with Broad Regional Impact

(IN BRIEF) The second and final portion of a €450 million loan provided by the European Investment Bank has been approved to finish the construction of the new university hospital in A Coruña, Spain. With a tranche valued at €160 million, this project is critical for the Galicia region’s healthcare network, which is set to serve a population of 550,000. Designed to meet top-tier medical, architectural, and environmental standards, the hospital will expand its operational area significantly—from 85,000 m² to nearly 257,000 m²—by constructing new facilities, upgrading existing ones, and adding modern amenities like an integrated car park. The initiative, bolstered by a grant from the EU’s Just Transition Mechanism, is part of the EIB’s strategy to strengthen social infrastructure across the European Union, ensuring improved public health services, expanded capacity during emergencies, and a move towards sustainable development. The project’s completion will not only enhance healthcare delivery in the region but also support the broader strategic priorities outlined in the EIB’s 2024-2027 roadmap.

(PRESS RELEASE) LUXEMBOURG, 11-Apr-2025 — /EuropaWire/ — This announcement marks the second and final installment of the €450 million loan issued by the European Investment Bank (EIB) for building the new university hospital in A Coruña, Spain. The financing package, totaling €160 million for this tranche, is a key element of a broader investment that is expected to significantly reinforce public health services in the Galicia region. The new hospital is designed to serve approximately 550,000 people and has been built with high medical, architectural, and environmental sustainability standards in mind.

Strategically important for Galicia, the health infrastructure project responds to the EIB’s priority of bolstering social infrastructure throughout the European Union. Alongside this EIB financing, the hospital project benefits from a grant provided by the European Union’s Just Transition Mechanism, further underlining the robust financial support aimed at transforming regional healthcare.

The new university hospital of A Coruña, referred to as Novo CHUAC, not only represents a historic investment in the region but also significantly increases the area’s healthcare capacity. Upon becoming operational, the hospital will emerge as the main center for medical services and research in A Coruña. The project encompasses the construction of additional buildings spanning over 204,000 m², renovation of nearly 5,865 m² of existing facilities, and the development of connecting infrastructure including an integrated car park that covers almost 47,000 m². Overall, the project expands the hospital’s built area from 85,000 m² to nearly 257,000 m², while also adding more beds, intensive care units, and outpatient surgery capacity.

Gilles Badot, Director of EIB Operations for Public Sector Lending in the EU, affirmed the EIB’s longstanding support from the initial phase of the project to today’s final tranche. He emphasized that this financing package enables Xunta de Galicia to enhance its health services, effectively address current and future emergencies, and advance the sustainability of its medical facilities. Regional Minister of Finance and Public Administration Miguel Corgos added that this financing, combined with an additional €60 million from the EU Just Transition Fund and regional funds, secures the necessary investment for the hospital’s vital role in Galicia’s health infrastructure.

This major undertaking reinforces the EIB Group’s strategic objective to strengthen social infrastructure in the European Union. It aligns with one of the eight strategic priorities outlined in its Strategic Roadmap for 2024-2027 and stands as the first public sector initiative in Spain to receive a grant from the EU Just Transition Mechanism, a success supported by EIB advisory services.

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.

High-quality, up-to-date photos of our headquarters for media use are available here.

Media Contact:

Maite Cordero
m.corderomunoz@eib.org
+34 606 66 82 62

Press Office

press@eib.org
+352 43791

SOURCE: European Investment Bank