By Mapaballo Boroho

- A new 488-bed tertiary hospital is planned for Polokwane after South Africa secured a R7.4 billion loan from the New Development Bank.
- The Limpopo Central Hospital Project aims to strengthen tertiary healthcare services in a province facing growing demand and ageing hospital infrastructure.
- The funding will also support a major bulk water supply scheme serving communities in Limpopo and the North West.
A new tertiary hospital is in the cards for Limpopo after South Africa secured two loans worth approximately R7.4 billion from the New Development Bank (NDB).
The loans will also support the construction of a major bulk water supply scheme serving communities in Limpopo and the North West.
The loan agreements were announced by the National Treasury on Friday, 28 August 2026.
“These loans form part of government’s efforts to strengthen critical infrastructure while meeting growing demand for healthcare and water services.
The NDB will provide a US$200 million loan for the Limpopo Central Hospital Project in Polokwane and a further US$205 million for the Magalies Bulk Water Supply Scheme,” Treasury said in a statement.
The Limpopo Central Hospital Project will see the construction of a new 488-bed tertiary central hospital in Polokwane.
According to Treasury, the project is intended to strengthen tertiary healthcare services in a province that is already facing increasing pressure on its health system.
“The province faces significant healthcare challenges, including rising demand for tertiary healthcare services, ageing hospital infrastructure, and shortages of specialised medical facilities.
The new hospital will address these challenges by providing modern, resilient, and patient-centered healthcare infrastructure equipped with advanced diagnostic, treatment, and information technology systems,” Treasury said.
Treasury added that the facility will become Limpopo’s principal referral hospital and will support specialised healthcare services, medical education, clinical research and the training of healthcare professionals.
Both loans offer a maturity of 10 years, inclusive of a 4-year grace period, with an interest rate of daily
SOFR plus 0.93508%.
READ NEXT: