Students are set to benefit from the Australian Government's $15 million funding boost to the University of Newcastle for the expansion and refurbishment of teaching and learning facilities.

The funding was announced today by the Prime Minister, Kevin Rudd, as part of the Nation Building Package.

University of Newcastle Vice-Chancellor, Professor Nicholas Saunders, said the additional funding was a welcome investment in the University's teaching and learning facilities.

"Maintaining and renewing infrastructure is one of our largest costs. Today's announcement shows the importance the Australian Government is placing on the urgent need for capital investment in our universities.

"This funding will provide the University with much needed resources for refurbishing and building lecture theatres and tutorial rooms, implementing communication and information technology to support teaching and learning, and improving library services and student amenities."

The funding, provided through the Teaching and Learning Capital Fund for Higher Education, was distributed taking into account each university's share of total domestic students and will be available from 1 July 2009.

"Students are the big winners from today's funding announcement and the University is delighted to be able to fast track some of our infrastructure development projects to make the student experience even better," Professor Saunders said.

The University also welcomed the Government's announcement yesterday of $210,000 for the Agreement for Reciprocal Credit project.

The project will enhance the credit transfer pathways between TAFE and the University to help people boost their qualifications with a minimum of extra study.

Under the project, if the subjects studied for a TAFE NSW qualification are recognised by the university then credit may be granted towards the university degree.

"The University of Newcastle is committed to helping students make the most of previous study by recognising the value of TAFE NSW qualifications as a stepping stone to university," Professor Saunders said.

For interviews with Professor Saunders please contact Kate Robinson, Manager - Media and Public Relations.