Federal Government to invest $130 million in Launceston City Deal
The Federal Government will invest $130 million in the Launceston City Deal, the centerpiece of which is the relocation of the University of Tasmania’s Newnham campus to Inveresk, near the central business district.
The Greater Launceston Transformation Project forms part of the Deal, and aims to use connective technology and new 3D virtual city modelling tools to “transform city planning processes, deliver better educational outcomes and develop a community co-designed innovation hub”.
In addition to the Commonwealth’s $130 million, the University of Tasmania (UTAS) is contributing $64.6 million to the project, the Tasmanian State Liberal Government $60 million, and the City of Launceston Council $5.4 million. Other project partners include the West Tamar, Meander Valley and George Town councils, and Telstra.
As well as the UTAS campus relocation, the project will consolidate coverage of Launceston with an Internet of Things (IoT) network.
UTAS Pro-Vice Chancellor David Adams said the project would enhance collaboration across four streams: innovation, a digital city, digital opportunities for industry, and education and employment pathways.
Professor Adams said much of Tasmania’s social and economic drive would continue to be about local entrepreneurs creating local innovative businesses that are globally competitive.
“Councils are in a great position to identify, stimulate and connect this spirit of entrepreneurship to opportunities,” he said. “This creates jobs and attracts others to visit and live, a valuable multiplier effect.”
The agreement includes the establishment of an IoT lab (with support from Telstra) and the creation of a Tasmanian Agritech Start-up Accelerator.