NEW student accommodation at the University of Tasmania's Newnham campus is taking shape.
The $16.8 million, 180-apartment project is located next to the Australian Maritime College along the Newnham Link Road and is being built through a federal government initiative, in co-operation with the state government, as part of the National Rental Affordability Scheme.
Construction firm Fairbrother has the contract to build the apartments, which are expected to be ready for use by the start of first semester next year.
The federal government is providing annual indexed payments up to $75 million over 10 years through the scheme, with the state government contributing $17.6 million of in-kind support.
The university has secured a total of $118.6 million for 770 self- contained single and double occupancy student apartments to be built at two sites in Launceston - Inveresk and Newnham - and at Burnie and Hobart.
A portion of the apartments would be set aside for low income students.
The $19.7 million, 120-apartment complex at the Inveresk campus, adjacent to the Queen Victoria Museum and Art Gallery, is set to get under way next year and be completed by the start of first semester 2016.
As part of the deal with the Launceston City Council to build the apartments at Inveresk, the university will contribute $500,000 towards a $1.3 million concrete flood protection levee.
It was recently reported that the Inveresk accommodation may neighbour a new cinema complex in the future if Metro Cinemas can come to some agreement with the council over an adjacent 3440-square-metre parcel of land.
A total of 40 student apartments would be built at Burnie and 430 in the Hobart central business district.