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 loan from the Kuwaiti government will be used to fund part of the construction of a new hospital in the province of Chinandega.
On October 18, the government of Nicaragua signed with Kuwaiti authorities a contract to build and equip a hospital in Realejo Township, in the province of Chinandega, 132 kilometers west of Managua. This contract is part of the total funding of the work.
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.