The Minister also announced a sum of $68 million would be spent on an extension of facilities at the Sangre Grande hospital and a new $172 million diagnostic centre is expected.
Khan revealed that there were also plans to hire about two dozen nurses from St Lucia amid ongoing shortages in that sector.
He said that an audit of the system of pharmacies falling under regional health authorities was also underway in light of complaints of shortages of state-subsidised drugs.
He communicated that there would be a little delay with the planned National Oncology Centre, which would be opened in April.
Addressing a Cabinet media briefing held at the Office of the Prime Minister St Clair, Khan said the Arima facility will contain 150 beds, and the old Arima Health Facility developed.
He said he hoped to turn the sod in September for the project, the contractor of which was previously announced as China Railway Construction Corporation.
Khan also stated Udecott had completed a due diligence process in relation to the firm, which was chosen according to the terms of a government-to-government arrangement with China.