17 May 2011
Partnership supports $600 million capital development program
RMIT University and the Commonwealth Bank have held a ceremony to mark a funding agreement that will support work on an ambitious capital development program over the coming five years, including the Swanston Academic Building.
Vice-Chancellor and President, Professor Gardner AO, with Ian Saines, Group Executive, Institutional Banking and Markets, Commonwealth Bank, and the Chief Operating Officer and Vice-President Resources, Steve Somogyi.
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Ian Saines, Group Executive, Institutional Banking and Markets, Commonwealth Bank, presented the Vice-Chancellor and President, Professor Gardner AO, with a plaque to celebrate the arrangement.
Professor Gardner said: "The opening of our Swanston Academic Building in two years will see RMIT’s College of Business consolidated into the core of our City campus, making the RMIT Quarter of Melbourne even livelier.
"The line of credit that has been agreed between us will facilitate a program of capital works worth $600 million over five years, the flagship being the construction of this landmark building.
"The Swanston Academic Building exemplifies what we mean when we say in our new Strategic Plan that RMIT is a global university of technology and design.
"It will provide students and staff with a wireless online environment in and out of the classroom.
"Its internal design will facilitate the use of innovative approaches to learning and teaching.
"And its external design, created by architects who learned their skills with us, will strengthen RMIT’s reputation for daring, cutting-edge architecture."
