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Thousands of new jobs in Tas uni move

Moving the University of Tasmania's Launceston campus into the heart of the city will create more than 2700 jobs, the state's treasurer says.

Prime Minister Malcolm Turnbull was in Tasmania on Thursday to sign the $280 million "City Deal" moving the campus from Mowbray to Inveresk on the edge of Launceston's CBD.

"This is the largest single infrastructure investment in Launceston's history," Tasmanian Treasurer Peter Gutwein said on Thursday.

He said the move is projected to create 2760 new jobs, including 430 construction jobs, and open up the university for thousands of Tasmanians to get qualifications.

Construction on the new campus is set to start in 2018.

© AAP 2017