20 April 2017
City Deal to deliver a vibrant Launceston (FED)
Prime Minister Malcolm Turnbull, says the Commonwealth, Tasmania and Launceston City Council have signed an historic City Deal to create jobs, boost wages and drive a strong economic future for the North. The centrepiece of the deal is the $260 million commitment to move the University of Tasmania’s main Launceston campus to Inveresk near the city centre. This goes hand-in-hand with the City Deal’s $19.4 million support for Launceston’s City Heart project, which will rejuvenate Launceston’s historic CBD. The first milestone payment is expected in August 2017. These projects will deliver more than 480 local jobs and apprenticeships, 225 university positions and the capacity for 10,000 more student places.