Healthcare for 1.9 million people living in south-western Romania will be transformed following construction of a new regional hospital in Craiova backed by a 368 million Euro long-term EIB loan.

“The European Investment Bank is a key partner for health investment in Romania. I welcome the EIB’s latest support for hospital modernization and EUR 368 million long-term loan for construction of the new Craiova regional hospital.” said Adrian Caciu, Minister of Finance and Governor of the European Investment Bank.

“Investing in health benefits everyone. The European Investment Bank is pleased to support the new Craiova regional hospital through our largest ever loan for health investment in Romania. This new investment, strengthened by advisory support and technical assistance provided by the European Investment Advisory Hub, follows recent EIB backing for new regional hospitals in Iasi and Cluj.” said Christian Kettel Thomson, Vice President of the European Investment Bank.

The largest ever EIB financing for hospital investment in Romania will back construction of a new tertiary level hospital to provide state of the art care, including cancer treatment, trauma and maternal care

The new facility, expected to be completed by 2027, will enable more flexible care delivery, including outpatient and short-stay healthcare and will make use of the latest medical best practices and standards.

Once operational, the new hospital will provide specialist healthcare for 1.9 million people living in south-western Romania, and improve access to quality medical treatment both for 301,000 people living in Craiova.