An international public tender is expected to be published in both the Portuguese and European Union official journals on the second half of 2017 to select a private partner for the development of a new Hospital Centre in Lisbon (Hospital de Lisboa Oriental, hereinafter the “Hospital”) under a Public-Private Partnership (“PPP”).

The new Hospital intends to replace the hospital units of São José, Curry Cabral, Santo António dos Capuchos, Dona Estefânia, Santa Marta and the Alfredo da Costa Maternity.

The PPP’s project will have as scope the design, financing, construction and maintenance of the Hospital´s infrastructures. Clinical health services and heavy medical equipment shall be borne by the State.

After the publication date of the international public tender, competitors will have a six-month deadline to submit their tender proposals, being subsequently selected 2 to 3 competitors for a negotiation phase. The selection of the candidates will be based on two main criteria:

(i) Price: corresponding to the net present value, as at December 2019, of the private partner’s consideration provided at the tender proposal; and

(ii) The project’s technical quality: with 13 evaluation factors and a total of 88 specific features.

The PPP will have a 30-year term, which includes a 3-year term for the construction of the Hospital and a 27-year term for the maintenance of the infrastructure.

This project is expected to require a €300 million investment from the private partner and it shall have an estimated annual remuneration of €16 million to be paid by the State once the Hospital has been built.

The construction of the new Hospital located in the parish of Marvila is scheduled to start in January 2020, and will have a gross construction area of approximately 180,000.00m², with a total capacity of 875 beds and a 2,945 parking spaces to be operated by the private partner.

The Hospital is due to start operating in 2023.

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