Greek Prime Minister Alexis Tsipras has signed a healthcare agreement with the Stavros Niarchos Foundation (SNF) to build a hospital, and to improve resources of existing facilities.
The deal was officiated on Wednesday for up to €250 million (AUD$399 million).
The funds will markedly help Greece, which is still overcoming the financial crisis, and will be put towards building a children’s hospital in Thessaloniki.
The rest of the funds will be used to construct new buildings in existing hospitals in the Greek capital, and in the country’s north in Komotini. The deal will also help to better equip the air ambulance service.
Founded by Stavros Spyros Niarchos, it is not the first time the SNF has extended its philanthropy to the Greek state. After commencing its grant making efforts in 1996, the Foundation has continued to uphold its founder’s commitment to Greece and Hellenism, along with his interest in supporting education, social welfare, health, arts and culture.