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Eurasian Development Bank to support hospitals construction in Kazakhstan

Kazakhstan Materials 21 April 2021 16:14 (UTC +04:00)
Eurasian Development Bank to support hospitals construction in Kazakhstan

BAKU, Azerbaijan, Apr. 21

By Nargiz Sadikhova - Trend:

Eurasian Development Bank and Kazakhstan’s RenEll Co. Ltd. have signed an agreement for construction and operation of two multidisciplinary hospitals in Kazakhstan, Trend reports citing the Bank.

One of the hospitals will be constructed in Kokshetau city, whereas the city for the construction of the second hospital will be identified before June 30, 2021. The signed agreement confirms the interest of the parties in financing construction of the hospital based on the best world standards.

The Kokshetau-based hospital is to be commissioned before the end of 2023.

The agreement signing is an extension of the Memorandum of Understanding and Cooperation signed by the parties in February 2021.

The Memorandum provided for the implementation of seven projects for the construction and operation of multidisciplinary hospitals in Kazakhstan.

By signing the mandate agreement, the Bank was assigned the role of project financing organizer, including the work on formation of funding sources.

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