American investor shows interest in building EUR 300 mln hospital compound in Timisoara, Romania

An American group is interested in building a EUR 300 million medical compound in the Romanian Western city of Timisoara, according to the president of the Timis council, Titu Bojin. He recently signed an agreement with the firm GPM, which allows to further the proposal to build a hospital compound to the Timis county council. The compound would include a 600-bed hospital, 300 apartments, a school and a kindergarten, as well as a center to train nurses. The exact location where the compound will be built should be established within three months. “It should be at the outskirts of Timisoara close to the Giroc village, on the site of a former military unit. We have there enough land, but the exact area has not yet been established,” said Bojin. The American investor would finance the construction, while the county council would provide the plot and the infrastructure. This future investment will create up to 600 jobs, and the county council should approve the investment sometime in August. It would then take three months to start the construction site, and three years to finish the project. editor@romania-insider.com