Country to strengthen hospital infrastructure and medical equipment thanks to CABEI-approved loan

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More than 200,000 m2 of construction to strengthen the Costa Rican health system will benefit from the loan approved today by the board of the Central American Bank for Economic Integration (CABEI) to the country.

This is the second largest financing approved in the bank’s history. A total of $500 million to strengthen the hospital network of the Caja Costarricense de Seguro Social (CCSS), which will be used for equipment and infrastructure in three national hospitals: Monseñor Sanabria in Puntarenas, Max Peralta in Cartago and William Allen Taylor in Turrialba.

The approval, which is part of CABEI’s Regional Strengthening Programme for Hospital Infrastructure, will finance the design, construction, equipment and maintenance of these three national hospitals.

This loan, whose payment (principal and interest) will be assumed by the Government, will allow the CCSS to allocate resources for health emergencies and at the same time continue to develop works of great importance to strengthen the provision of health services to users, and also contribute to economic recovery and the rapid generation of jobs.

Furthermore, by assuming payment of the loan, the Government is fulfilling the commitment made in the Framework Agreement between the Executive and the Fund in July 2020 to cover part of the payment of the State’s debt with the Social Security.

“We are deeply grateful to CABEI for its support to finance this important project that will strengthen our health system, and at the same time, we are very pleased to comply with the agreements between the Executive Branch and the Board of Directors of the Fund, taken in July last year, which demonstrate our commitment to honour the historical debt that the State has with this institution,” said the President of the Republic, Carlos Alvarado Quesada.

“This is excellent news for the CCSS and for the country because the resources from CABEI will allow us to strengthen hospital infrastructure in priority areas and improve the quality and timeliness of the service we provide to the population. These new hospitals in Puntarenas, Turrialba and Cartago will have a highly positive impact on these communities and are the realisation of a dream for these residents and for the Social Security system,” said Román Macaya, executive president of the CCSS.

For his part, Mauricio Chacón, CABEI Country Chief Officer, indicated that it is an honour for the Bank to be able to contribute to the strengthening of social security with more and better hospital infrastructure for the benefit of Costa Ricans. “This $500 million loan is the second largest granted by the Bank in the region and we are pleased to know that it will be used for these purposes,” said Chacón.

The work

In the Monseñor Sanabria Hospital, the construction plan considers 72,132 m2 of space that will house a total of 474 beds.

For the Max Peralta Hospital in Cartago, the planned construction area is 94,094 m2. A total of 450 beds are projected for this medical centre, which will implement research and training areas in various medical specialties.

The third hospital to benefit will be the William Allen Taylor hospital in Turrialba, where 40,251 m2 will be built to house a total of 136 beds. The plan includes the provision of space for outpatient and inpatient care through basic specialties and some subspecialties.

The hospital project in Turrialba is awaiting construction permits, while the one in Puntarenas is in the phase of drawing up construction plans, and the one in Cartago is awaiting the resources to put it out to tender.

The loan is for a 25-year term, with a five-year grace period, in accordance with national regulations.

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