Since 2015, Zhongda Hospital has been borrowed by the government in batches for a total of 4.033 billion yuan for construction. It was originally planned to repay the loan with interest for 10 years starting from March this year. The hospital postponed the repayment for five years, and provided 15 years of public medical care instead of interest.
The Health Affairs Committee of the Legislative Council discussed the project today (10th). Most of the members expressed their support for the postponement of repayment, and some members were concerned about the repayment ability of Zhongda Hospital. Yuan, will the school agree to pay it off in one lump sum, or delay the repayment further.
Leung Mei Fen from the Democratic League believes that the 5-year repayment delay is too long and should be shortened to 2 years before repayment begins.
Unsupported or inoperable moratorium on repayments expected to be fiscally balanced by 2025
Lu Chongmao, director of the Medical and Health Bureau, said that Zhongda Hospital has been in operation for about 16 months. During this period, the new crown epidemic has seriously hit the hospital's business. If the original repayment schedule is followed, the cash balance in the next 10 years will remain negative. It can fall below negative 2 billion yuan. If it fails to obtain government support, it may not be able to maintain operations.
Lu Chongmao pointed out that according to the calculation of an independent financial consultant, the five-year repayment arrangement will keep the cash balance of Zhongda Hospital at a positive value from this year onwards. It is expected that Zhongda Hospital will reach a balance of payments in 2025 and record profits from 2027 .
Lo Chung-mao emphasized that CUHK promised to follow the package fee, support the services of the Hospital Authority, and still devote itself to the anti-epidemic work in the face of financial difficulties. Patients also support respite centers for the elderly, provide COVID-19 vaccination services, etc., and have made important contributions to Hong Kong's return to normal. It is worth supporting CUHK Hospital during the difficult period.
The New Coronary Pandemic Facing Operational Difficulties Zhongda Hospital has applied for a five-year deferment of repayment, otherwise it will not be able to operate Zhongda Hospital has applied for a 5-year extension to repay the 4 billion loan CEO Feng Kang explained that the original plan "has some loopholes"
