Published On: Mon, Jan 19th, 2015

Loan new hospital is higher than budgeted

PlasterkWILLEMSTAD - The cost to build the new hospital, Hospital Nobo Otrobanda (HNO), is higher than previously calculated. According to the first budget the entire project would cost 400 million guilders. The estimated construction spending, however, are now calculated at 435 million guilders.

"This is higher than what was taken into account in the original 2014 budget because then a 70 percent public funding and 30 percent private was assumed. Curacao, however, chose early 2014 for a fully publicly funded hospital, increasing the total public investment,” said the Dutch Minister of Kingdom Relations, Ronald Plasterk in response to questions during the General Discussion Kingdom Relations on December 10 in the Dutch parliament.

There are, according to the minister more costs made in buying and clearing of the ground, because the hospital is being built at a location other than was previously planned. “The extra costs provide an interest expense of approximately one million guilders extra. In connection with this, we may assume that the country Curaçao, which must independently make this assessment, has compared the cost of the loan against the risk of a rise in interest rates,” said the Dutch minister.

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