SNF Greek Hospital projects to be re-evaluated
‘The Stavros Niarchos Foundation (SNF) recently concluded a tender process for the construction of the new SNF General Hospital of Komotini, the SNF University Pediatric Hospital of Thessaloniki, and the SNF General Hospital of Sparta, all part of the global SNF Health Initiative. Failing to deliver on its intended purpose, the tender process has been cancelled. All offers submitted on Thursday, February 9, 2023, were far outside the financial scope of the grant, which had already taken into account relevant recent international developments (war, inflation, supply chain disruption, etc.)—in some cases the offers were more than double the projected cost.
For the time being, this development renders impossible the completion of the projects for the three new hospitals at the level of quality that SNF envisions and that Greece deserves. Nevertheless, the Foundation will now be considering and assessing potential alternatives and will follow up with an update soon.’
Focal is a leading regional cost consultant providing advisory services to financial institutions and institutional donors on major building projects.