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Mainland Government Confirms 50% Financing For New Hospital

 
 

The 2020 (SO2020) State Budget proposal has confirmed that provision of the new Central Hospital of Madeira, estimated to cost about 340 million euros, will be 50% co-financed by the Government of the Republic.

The statement reads that financial support ‘corresponding to 50% of the cost of the construction, supervision of the contract and acquisition of medical and hospital equipment for the future Madeira Central Hospital’ will be provided by the Government of the Republic ‘in cooperation with the governing bodies of the Autonomous Region of Madeira.’

According to the draft version of the SO2020 proposal, the financial support will take into account the ‘candidacy for a project of common interest, according to a resolution of the Council of Ministers and a protocol to be signed between the Government of the Portuguese Republic and the Government of the Autonomous Region of Madeira.’

In terms of maximum limits for the granting of guarantees, the Government is authorised to give exceptional personal guarantees for the financing to be contracted by the Autonomous Region of Madeira in connection with the construction of the new hospital, ‘up to a maximum of 158.7 million euros.’

On November the 20th, the Regional Government of Madeira received the assurances from the mainland Prime Minister, António Costa, that his government would co-finance 50% of the construction and equipment of the new hospital in the region, under OE2020.

After his meeting with the Prime Minister of Portugal at the São Bento Palace in Lisbon, the President of Madeira, Miguel Albuquerque, told reporters that on the part of the Prime Minister, there is a determination, a determination to resolve some of the issues. One is the questions of the clarification regarding the co-financing of the new Central Hospital of Madeira.’

The expected initial funding was already 50% (132 million euros), but this has been reduced to 96.5 million euros, as the sale f the current buildings of the Dr Nélio Mendonça and Marmeleiro hospitals will cover the financial shortfall.  Naturally, this has caused outrage and controversy in Madeira.

Samantha Gannon

info at madeira-weekly.com

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