Daily Archives: March 25, 2010

Another building albatross on Visa

### ODT Online Wed, 24 Mar 2010
New Wellington hospital a financial ‘albatross’
NZPA
Wellington’s new regional hospital has been described as a “wonderful facility” by Capital and Coast District Health Board (DHB) representatives, but the huge cost of servicing its debt will present challenges into the future. At a Parliamentary health select committee today, the $377 million project, paid for entirely through a loan, was described by DHB chairman Sir John Anderson as somewhat of a financial “albatross”.

“When you put $377m on a Visa card there are going to be consequences.”
-Ken Whelan, chief executive officer

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Post by Elizabeth Kerr

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