Marhnos CCD Funds Hospital

An MXP1bn hospital in Tlalnepantla, Mexico is the first health public private partnership to receive equity investment from pension funds, via the Marhnos CCD, says the IFC. The multilateral helped in the structuring and bidding. The contract to build the hospital was awarded to MARHNOS, a construction and development company. The hospital will take 18 months to build, after which time a contract for 23.5 years to operate the hospital will be put in place. Of the MXP1bn investment, $171m will come from venture capital, with $120m coming from the CCD and $51m from Marhnos. A further $866m will come from Banco de Bajio.