Tenders have been invited for the design and build of the earthworks needed for the hospital.
The government said the works would start early in 2026.
In 2021, when £52.2m was paid out under the Our Hospital Project, it included £25m for site acquisition and £9.6m invested in the Enid Quenault Health and Wellbeing Centre, which is now operational.
In 2023 alone, £38.4m was spent on concept design, site acquisition and demolition at Overdale.
A further £20.2m was spent in 2024 as plans for the acute hospital moved forward.
The Jersey Audit Office in 2023 reviewed how the hospital scheme had been managed over the past decade.
It found that, of the £130.6m spent up to 2022, £38.6m had been written off in wasted costs, with the potential for more losses as plans continued to changed.
Annual breakdown: