Home » Business » CABEI approves a $ 500 million loan to Costa Rica to finance three CCSS hospitals

CABEI approves a $ 500 million loan to Costa Rica to finance three CCSS hospitals

San José, Jan 20 (elmundo.cr) – The representative of Costa Rica before the Central American Bank for Economic Integration (CABEI), Ottón Solís, asserted that today the CABEI Board of Directors approved a loan of $ 500 million to the Government of Costa Rica, that will be transferred to the CCSS to finance three hospitals.

1. $ 96.7 million will be used to complete the financing (CABEI had already approved $ 129 million) for the Monseñor Saniabra Hospital in Puntarenas. This hospital will have more than 7 hectares of construction and will have space for almost 500 beds.

2. $ 307.0 million are destined to finance the development of the Max Peralta Hospital in Cartago. In this case, the construction will cover 9 and a half hectares and will have space for 450 beds and research and training areas.

3. $ 96.3 million will be used to finance the Turrialba Hospital, with a construction area of ​​4 hectares and space for 136 beds

According to Solís “in all cases, the loan includes financing for the purchase of equipment and furniture necessary for the hospitals to function fully.”

Similarly, he highlighted that “this loan extends a long and successful partnership between CABEI and the CCSS. With loans from CABEI, for example, the construction of the Heredia Hospital, the Nicoya Hospital, the Siquirries Hospital Clinic, the Tomás Casas de Osa Hospital, the Women’s Hospital and important works in the Calderón Guardia were financed.

He also highlighted that “CABEI grants this loan under very advantageous financial conditions: a 25-year term, a 5-year grace period and an interest rate of 3% per year given the current level of the Libor rate.”

Solís recalled that “the CCSS has already tendered and awarded the design and construction of the Turrialba and Monsignor Sanabria Hospitals, so once the loan is approved by the Legislative Assembly, the start of the works will take little weather. In the case of Max Peralta, there are preliminary studies, feasibility analysis, functional medical plan, budget and specifications, requirements prior to launching the tender.

In addition to this, Solís emphasized that “the development of these works will strengthen a universal health system that is exemplary before the world, which is a fundamental part of the Costa Rican state of social law, improves care conditions in areas outside the Greater Metropolitan Area and helps economic reactivation and job creation in areas like Puntarenas, characterized by human development indices well below the national average.

“In addition, this credit substantially improves the financial conditions of the CCSS, given that the payment of the loan to CABEI is assumed by the Government, as a form of cancellation of part of the debt that it accumulated with the CCSS for decades,” he concluded.

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