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The funding requested by Madeira from the European Investment Bank for the construction of the new hospital is guaranteed. There are 158 million euros, which make up 50% of the value of infrastructure construction. The Regional Government hopes that construction can begin in the second half of 2020.

I believe also 92% of the land has already been secured also.

Banco Europeu de Investimento assegura o empréstimo de 158 milhões de euros para o novo hospital