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WQ.298/2023
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY L.J. FARNHAM OF ST. MARY, ST. OUEN AND ST. PETER QUESTION SUBMITTED ON MONDAY 26th JUNE 2023
ANSWER TO BE TABLED ON MONDAY 3rd JULY 2023
Question
“Will the Minister advise members of the total estimated cost of the proposed New Healthcare Facilities up to the planned completion date of 2031?”
Answer
Ministers are keen to learn from lessons of the past, when full cost details have been made public and have undermined the commercial position of previous projects with contractors. Ministers are, therefore, acutely conscious of the significant risks to the project of making full budget details available to a wide audience.
Under the proposed phased approach to delivery of the programme, we will include financial information in a Government Plan as required for each phase. This will help to mitigate the commercial risk to the project, and supports my policy of ensuring that each phase is affordable before we commit to delivery.
The first phase will consist of providing the urgently needed acute facilities at Overdale which are anticipated to cost less than the previous Our Hospital Project. This phased approach will ultimately allow for greater risk management by controlling expenditure – and therefore affordability – over a longer period of time.