EIB Loans $147M For Liverpool Hospital Construction

Law360, New York (December 16, 2013, 9:01 PM EST) -- The European Investment Bank will loan £90.5 million ($147.49 million) to help finance the construction of Britain's largest hospital with en suite bedrooms for patients worth a total of £429 million, in place of its predecessor, the bank said Monday.

Royal Liverpool and Broadgreen University Hospitals Trust will foot another £118 million, with private lenders to contribute the rest. More separate rooms will reduce infection risk, while improving privacy and dignity for patients, the investors said. The loan's term will be set for 31 years....
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