Guam creates task force to develop hospital PPP project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Guam creates task force to develop hospital PPP project

Guam has crated a legislative task force to develop the Guam Memorial Hospital through a public private partnership (PPP) project.

The team has a total of 60 days to carry out a report and an action plan to develop the new hospital for the island.

Aside from a plan of action, the task force has been tasked with developing a business model, including a potential public-private partnership (PPP) to ensure long-term financial sustainability.

Guan has also introducted the Bill 80-33 legislation, which will provide funding of US$45 million for the new hospital PPP project.

The project could be located in several sites including the current Tamuning location as well as properties in Agat, Yigo and Dededo. The new facilities would include an specialty heart center and a modernized maternity ward among other specialty services.

Sen. Dennis Rodriguez, chairman of the legislative health committee, stated.

"This task force is cognizant of Guam's legal mandate to provide medical services to all who seek care at Guam Memorial Hospital and will be guided by this requirement in the pursuit of any public-private partnership. "It is the intent of this task force to really focus and we have set an initial time frame of no more than 60 days to come up with a report."

"In this effort, we will need funding. Today, I have introduced Bill 80-33 that will use savings from the refinancing of 2007 and 2009 bonds. This would net us upwards of $45 million in savings over the life of the bond. This legislation would reserve these funds as a seed to start the process in ensuring that we have the financing to build the new hospital."

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.