The European Investment Bank (EIB) signed a €107 million loan to finance the Hospital de Lisboa Oriental as its first loan to build a hospital in Portugal. This financing will enable access to modern health services and a better distribution of beds throughout the city.
The European Investment Bank (EIB) and a consortium led by Mota-Engil have signed a €107 million loan agreement to support the construction of Hospital de Lisboa Oriental. This new hospital, located in Marvila in the east of Lisbon, will replace six outdated hospitals spread across more than 100 buildings in the city center.
The new facility will feature 875 inpatient beds, providing modern health services and contributing to a better distribution of healthcare resources throughout Lisbon. The project is a cornerstone of ongoing healthcare reforms aimed at reducing costs, improving efficiency, and addressing health inequalities in Portugal.
“The EIB is financing much-needed infrastructure for the city of Lisbon, enabling the improvement of health services through modern and convenient infrastructure,” said Alessandro Izzo, Head of Equity, Growth Capital, and Project Finance at the EIB. He emphasized that the favorable financing conditions would attract other investors, even in the context of rising interest rates and market volatility. Key project highlights:
- Investment: Total project cost is approximately €380 million, with the EIB contributing up to €190 million through a long-term loan.
- Construction Timeline: Scheduled to begin in early 2024.
- Modernization: The hospital infrastructure will be functional, flexible, and adaptable to future healthcare needs.
- Accessibility: Located near public transport routes and easily reachable from Lisbon’s suburban areas.
This investment will also support the redevelopment of the surrounding Marvila area, transforming it from a neglected district near the old harbour into a vibrant part of the city.
The project aligns with the EIB’s mission to promote sustainable development and social cohesion, which are central to EU policy objectives. Over half of the EIB’s financing is directed towards projects that mitigate climate change and foster inclusive growth.
In 2023, the EIB Group signed €88 billion in financing for more than 900 projects, expected to mobilize €320 billion in investment and support 5.4 million jobs across the EU. The EIB continues to play a pivotal role in improving healthcare services by funding projects that deliver tangible benefits to communities.
The European Investment Bank finances projects that promote competitiveness, innovation, territorial cohesion, and climate action. It aims to mobilize €1 trillion in climate and sustainability investments by 2030, in line with its Climate Bank Roadmap and the Paris Climate Accord. The Bank focuses on supporting cohesion regions with lower per capita income, ensuring that investments foster inclusive development across Europe.
