Almost £50m has been spent on the new hospital project so far, with another £10m set to be spent before States Members decide to borrow £756m to fund the rest.
But while the political head of the hospital project has conceded that £804m is “a lot of money”, he denied it is excessive.
Addressing Scrutiny on Thursday, Senator Lyndon Farnham said that the project team has resisted pressure to add more expensive services to the new health campus at Overdale.
Next month, the Council of Ministers will ask the States Assembly to allow it to borrow up to £756m to fund the new hospital, which is due to open in 2026.
The Future Hospital Review Panel held its last review before the debate on the ‘Outline Business Case’ - a document laying out the plan to fund the new hospital - which is scheduled for debate on 5 October.
The panel heard that:
Members have already selected Overdale as the site of the new hospital but have yet to approve its funding. If the Outline Business Case is approved, the Government will take out a public-rated sterling bond, with an interest rate of up to 2.5% per annum, payable in between 30 and 40 years' time.
£27m was spent on the previous 'Future Hospital' project to build a new facility on the current Gloucester Street site.
While the project was scrapped, the Government said that not all the money had been wasted, as some of the research work would be useful for the Overdale project.
Following Thursday's hearing, Future Hospital Panel Chair Senator Kristina Moore said that her team remained "concerned about the lack of detail in the Outline Business Case'.
Following our final hearing with @lyndonfarnham #scrutinyjsy remain concerned about the lack of detail in the Outline business case. This wknd we will be working on an amendment to deliver an affordable plan for future healthcare - debate on 5th October https://t.co/mmE3KQcyoG— Kristina Moore (@Moore4Jersey) September 17, 2021
She added that they would be working on an alternative plan "to deliver an affordable plan for future healthcare" over the weekend.
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