Escom promotes Luanda Portuguese Hospital project using Portuguese and Angolan capital

7 April 2006

Lisbon, Portugal, 07 April – Escom, a subsidiary of Portuguese financial group Espírito Santo, has been nominated by the Portuguese government to promote the project of the new Portuguese Hospital in Luanda, which will be built by a Portuguese-Angolan consortium that is currently being set up, Escom’s chairman said.

In an interview with Portuguese financial daily Diário Económico, Helder Bataglia said that the role of Escom, which in Angola operates in the diamond and power sectors, amongst others, would be to “set up an operation with Portuguese banks for financing and another for construction,” and later “open up the consortium’s capital to Angolan investors.”

The studies carried out by Escom, which ahs already been linked to managing healthcare units in Angola, will be transferred to the new consortium and, Bataglia said, the final project “will be very large.”

The project is the result of another Portuguese government project for a clinic in Luanda, to be built in partnership with Espírito Santo Saúde being widened to include other private partners. (macauhub)