After the Council of Ministers unveiled its financing plan to pay for the £466 million facility, Senator Alan Maclean assured Islanders that the proposal was not dependent on the sale of States-owned buildings or any of its shareholdings.
However, selling off publicly held shares in companies such as JT and putting States-owned properties on the market remains one option for topping up the Island Strategic Reserve – a fund that is likely to be called on to pay for part of the new hospital.
Most of the building is to be built using a loan of up to £400 million, with a 40-year repayment period, with the remaining costs covered using funds held in reserve.
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