The new 41,000 m2 hospital will be built using funding from the Central American Bank for Economic Integration (CABEI), the head of the Nicaraguan Army announced.
It will be located on the site of the old El Retiro Hospital and is expected to be operational by 2014.
Laprensa.com.ni comments that, "the hospital will have two floors, a construction area of more than 41k square meters and there will also be two three-story towers".
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The congress of Nicaragua approved an agreement with CABEI to build a military hospital.
It will feature over 41.000 square meters of constructed space in a central two-storey building plus two three-storey towers, holding 474 beds.
According to EFE, the $66.5 million are split as follows: $4 million will be donated by the Central American Bank for Economic Integration (CABEI), while the remaining will be disbursed as a 20-year loan with a grace period of three years, at an unspecified interest rate.
Part of the investment will be made with a $50 million loan from the BCIE, and the remaining funds will be supplied by the Nicaraguan government.
The new military hospital school, "Dr. Alejandro Dávila Bolaños," will be built on a site measuring 72,336 square meters, where the El Retiro Hospital was previously located. The El Retiro Hospital was a medical center that was destroyed by an earthquake on December 23, 1972.
A total of six companies submitted bids to conduct soil works for the new maternity hospital.
According to the bidding rules, each company presented three envelopes: one with legal aspects, another with technical specifications and the third with the economic offer.
Carmen Reyes de Morán, from the Health Ministry, explained they expect to sign the contract with the winning company in 75 days.
The two-story hospital with 300 beds will be ready in three years and will be financed by Dutch investors and the Nicaraguan government via a BCIE loan.
The Ministry of Health announced that the construction of the hospital in the Managua District III will be undertaken as part of the cooperation agreement recently signed between the Nicaraguan government and the Netherlands.