University of Melbourne statement on Fishermans Bend Campus

Statement attributable to Ms Katerina Kapobassis, University of Melbourne Vice-President (Administration and Finance) and Chief Operating Officer.

After carefully reviewing the prioritisation of our major infrastructure projects, the University of Melbourne has made the difficult decision to pause work on the Fishermans Bend Campus.

The University remains committed to the precinct and this decision will allow us to better align with the timing of key government and industry investments necessary to develop the Fishermans Bend precinct.

Careful financial management is paramount as the University adapts to a more constrained revenue environment driven by evolving regulations across the sector. We will continue to align our priorities to deliver long-term impact and financial sustainability for our students, staff and partners.

We will continue to engage with the Australian and Victorian Governments, research funding bodies, and industry partners on research to help strengthen Australia’s sovereign capabilities in energy, building, design, transport and defence.

The Fishermans Bend project will be reassessed as part of the development of the University’s next 10-year strategy from 2030.