New Novara Hospital Complex PPP Project

project awarded

The project involves the design, construction, financing, and long-term management of the new Città della Salute e della Scienza hospital in Novara, Italy.Developed under a public-private partnership (PPP) model with a 30-year concession, it includes a massive 325,000 square meter complex featuring over 700 hospital beds, university teaching facilities, and a conference center. The total investment amounts to €520 million (US$610 million), with A.B.P. Nocivelli S.p.A. responsible for approximately EUR400 million (US$469 million)—split between the initial construction phase (about €200 million over five years) and facility management services over the following 25 years (another €200 million). Revenues over the life of the concession are expected to reach around €1.2 billion, significantly increasing Nocivelli’s order backlog and reinforcing its strategic position in the healthcare infrastructure sector.