An economic boost is on its way to Launceston's CBD as construction begins on the University of Tasmania's new Library and Student Services building.
Tasmanian Premier Peter Gutwein said today's sod turn event was an historic event marking the largest single infrastructure project ever delivered in Launceston.
"This investment in the University of Tasmania's presence will allow Launceston to specialise and become a nationally distinctive campus for higher education studies in food, agriculture, health, associated technologies, timber design and innovation" Mr Gutwein said
Federal Minister for Population, Cities and Urban Infrastructure Alan Tudge said the campus relocation was the centrepiece of the Morrison Government's $254 million investment in the Launceston City Deal.
"This will help the University of Tasmania connect with the economy and lifestyle of the CBD, injecting life and a financial boost across the city," Mr Tudge said.
Federal Minister for Education Dan Tehan said the Australian Government's $130 million investment in the university was part of Launceston's largest-ever infrastructure project.
"The new Inveresk district is expected to attract 10,000 students by 2032, providing access to modern, world-class teaching and research facilities, and delivering new degrees and courses that better meet the needs of students and industry," Mr Tehan said.
Tasmanian Minister for State Growth Michael Ferguson said the State was pleased to be able to contribute $60 million towards the relocation project as part of its $119 million overall investment in the Launceston City Deal.
"Revitalising our city, boosting our economy and creating a more vibrant environment for students will also help generate many job opportunities from construction work, including apprenticeships, to academic and university support roles," Mr Ferguson said.
Federal Member for Bass Bridget Archer said early works started in late January to prepare the foundations for the new library and student services building.
"Following the completion of works in 2021, we look forward to the whole relocation being complete by 2024," Mrs Archer said.
Mayor of Launceston Albert van Zetten said that while the building industry would be at near capacity during the various construction phases, the overall benefits to the economy from that alone could not be understated.
"Then there's the flow-on effects to our businesses that will receive a significant boost from this development - both during the construction phase and once complete as thousands of students are delivered onto the doorstop of our CBD, bringing with them much greater vibrancy to the city," Mayor van Zetten said.
