Published On : 05 Aug 2020
- Funding for new CDU city campus has been approved.
- Construction is due to start this year and will go on until 2024.
- A total of 700 jobs will be support including 300 onsite construction jobs.
The Northern Australia Infrastructure Facility (NAIF) board has approved a $151.5 million loan to construct the new Charles Darwin University city campus and centrally located library.
The $150 million loan is in addition to the nearly $100 million committed by the Commonwealth Government.
Construction on the $250 million city campus and library is due to start this year and be complete in time for the 2024 academic year.
The project will support 700 workers, 300 of which will be on-site and the others across the supply chain.
“With communities and businesses right across the nation reeling from the impact of COVID-19, we know that every single job we can support will make a world of difference”, said Minister for Population, Cities and Urban Infrastructure Alan Tudge.
The new campus and library will bring in $600 million in revenue to the local Darwin community over a 30-year period.
The government says that the NT could have up to 10,000 more international students by 2025, a quarter of whom will use these facilities. This in-turn will also help local businesses like cafés, restaurants, bars, and retail stores.