Approval goes through for merger of CQ institutions
A MERGER between CQUniversity and CQ TAFE is now certain to go ahead.
The Queensland Government gave approval yesterday.
The proposal has been on the table for some time, but yesterday's final decision paves the way for Queensland's first dual sector university and the release of $73.8 million in federal funds.
The merger is big news in Gladstone, where there is a campus of both the university and the TAFE.
It follows more than two years of negotiations, and experts say it will transform post-school education and training in Central Queensland.
CQUniversity vice-chancellor Scott Bowman was thrilled with the decision, which he said would boost the region's skills and qualification needs.
"Today's decision signals the start of an exciting new era in post-school education and training for the state, and another 'first' for Central Queensland," Professor Bowman said.
"I congratulate the Queensland Government on its foresight in recognising the huge boost this merger will deliver to Central Queensland, not only in terms of investment and job opportunities, but most importantly in terms of improved educational outcomes for people from all walks of life.
"I also acknowledge the Commonwealth Government's longstanding support for the merger, having committed $73.8 million towards the proposal in December last year.
"This funding was conditional on the State Government approving the merger, so today's announcement signals a once-in-a-generation injection of funding into education and training for Central Queensland.
"I'm particularly looking forward to working closely with CQ TAFE staff, students and stakeholders to ensure they play a prominent role in the shaping of the new institution and its future."
CQUniversity expects to have completed its merger with CQ TAFE and begin operating as a dual sector university from January 1, 2014.
After the merger is completed ...
At a glance - CQUniversity dual sector statistics
- Estimated student numbers following merger - 40,000
- Estimated staff numbers following merger - 2500
- Projected additional jobs to be created following merger - 120 by 2018
- Projected increase in staff salaries following merger - $15m by 2018
- Projected revenue increase for CQUniversity following merger - $35m by 2018
- Projected capital works expenditure as part of merger - $55m
- Projected new construction jobs for capital works in CQ region - Up to 500
At a glance - Major dual sector infrastructure projects soon to be underway
- Construction of Mackay Engineering hub - $16.6m
- Construction of stage two Allied Health clinic in Rockhampton - $14m
- Major overhaul of Mackay TAFE campus - $10.2m
- Major IT and learning technology upgrade for all Uni & TAFE campuses - $9m