Caisse des Dépôts and EIB: €121mn for the Hospital of Melun

On 8 July, Caisse des Dépôts, the European Investment Bank (EIB) and the Hospital of Melun signed the financing agreements for the reconstruction of the Hospital of Melun for a global amount of €121mn.

Medical-social sector and solidarityBanking services and consignments

The EIB is providing funding of €70mn and Caisse des Dépôts the sum of €50.3mn, out of an estimated total reconstruction cost of €200mn. Caisse des Dépôts is financing this investment over the 2015-2017 period from its budget envelope of €20bn out of savings funds for local public sector loans (PSPL), as part of the Group's services in the public interest. The joint funding from the EIB and Caisse des Dépôts covers almost all the very long-term borrowing required to build the public component of the new hospital.

The agreements were signed by Odile Renaud-Basso, the Caisse des Dépôts Deputy CEO and the Director of the Savings Funds, Anita Fürstenberg, the Director of the EIB Western Europe Department, and Dominique Peljak, the Director of Melun Hospital.

Melun Hospital already has excellent technical facilities and is home to the department's SAMU emergency medical service. The reconstruction will make it possible to combine on a single site the activities of the public hospital with those of Saint-Jean l’Ermitage private clinic created in 2005 through the merger of Saint-Jean Polyclinic (Melun) and private clinic L’Ermitage (Dammarie-les-Lys). The result will be the only public/private hospital facility of its kind in France.

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