Published On: Thu, Feb 13th, 2014

Rosaria: “If offer local banks were accepted then new hospital will cost 70 million more”

Alex RosariaWILLEMSTAD – The decision of the Government to finance the construction of a new hospital will cost the Curacao tax payer 70 million guilders less compared to the option of local banks financing this project.

For this reason, the Government cannot agree with the offer made by the banks and financial institutions. It is simply too expensive.

Since last year, the Government has decided to meet with the Curacao financial sector to see what they can offer. The bank and financial institutions’ sector have created a perspective for the Government, which that they would have presented a responsible offer which holds into account the general interest as well as the sector’s interests. However, it has become clear that the sector wants an interest rate which is 50% higher which means 70 million guilders extra to finance the construction of the hospital.

For this reason, according to the political leader of the coalition party PAIS, Alex Rosaria, there is no other option for the Government to finance this project itself. “We gave the local financial sector the opportunity to present a workable plan, but this has resulted in an offer which is 70 million guilders more expensive. If we agree with their plan, this means that the Curacao tax payer will have to pay more for a local loan. This probably means that when the hospital is finished, the rate for each bed will be too expensive,” Rosaria said.

Rosaria explained that his task is to look after the general interest. Banks only do business which is favorable for them. In this case, the MP said that the general interest is better served by giving the Government green light to finance the project and save the Curacao tax payer 70 million guilders. For Rosaria, the discussion about financing is over and must now concentrate on everything that is necessary for the new hospital to become reality just as the people of Curacao have been hoping for. “All we want is an affordable hospital!”

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