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States Greffe: Scrutiny
Deputy Susie Pinel Treasury Minister By Email
Copied to Senator Lyndon Farnham , Deputy Chief Minister 3rd May 2022
Dear Deputy Pinel,
Our Hospital Project – funding proposal
Please could you update the Panel on the latest information that the Treasury and Exchequer has in relation to borrowing and related costs.
Further, the Panel would request that you provide an update on how and whether this information changes the approach to funding the Our Hospital Project as laid out in P.80/2021 – Our Hospital – Budget, Financing and Land Assembly.
The Panel notes the news, issued on 28th April 2022, of the £500 million bond issuance the proceeds of which borrowing will be used to repay the past service pension liabilities of the Jersey Teachers Superannuation Fund and the Public Employees Contributory Retirement Scheme, as agreed in the Government Plan 2022-25.
The Panel would be grateful for your earliest response and by no later than the close of business on Tuesday 10th May 2022.
Yours sincerely
Senator Kristina Moore
Chair
Future Hospital Review Panel
States Greffe | Morier House | St Helier | Jersey | JE1 1DD Tel: 01534 441080 | Fax: 01534 441077 | email: scrutiny@gov.je