Up to £275 million could be borrowed to fund Jersey's new hospital.
A report outlining the funding propositions for the project was lodged today.
As well as the this loan, ministers have proposed using £23 million from existing allocations, as well as money from a so-called 'rainy day fund'.
The borrowing has been recommended by experts and endorsed by the Treasury Advisory Panel, because of current historically-low interest rates.
The new hospital will be built on the southern part of the existing site, and incorporate additional land in Newgate Street and Kensington Place, as well as making use of Westaway Court, a site adjacent to Parade Gardens which is already used by the hospital.
The proposition will be debated in the States Assembly in December.
