Still the same old off-Key deliberate mis-truths from National https://www.odt.co.nz/news/election-2017/no-money-hospital

The government can borrow at a lower rate than any other entity in New
Zealand.

Ask yourself why would the NZ Super Fund, the Accident Compensation Corporation, or Ngai Tahu want to invest in a Dunedin Hospital
rebuild? They are looking for good long term returns. They look for
equity positions in entitites that are capable of making profits that
beat inflation - commercial investors and large businesses typically
look for a return of 15% net of tax (but at least 10% net of tax with
a reasonable likelihood of higher returns).

A hospital starts to decay and get out of date as soon as it has been
built - the only hope for a high return is very high rental income -
preferably with inflation indexation and a guaranteed long term
tenancy.

So the government may not have to budget for capital, but has it
budgeted for the annual cost of servicing that partnership agreement?
If the government is not putting any capital in, that hospital will be
very very expensive in future years - and National are ignoring that!
This is not just shonky management; as David Clark ponts out it is
also a poor negotiating position.

Labour will build the hospital more quickly and more cheaply - why
support economic failure with National?

Show us the business case, Bill!

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