Cabinet has approved a decision which will given tertiary institutions more control over areas of their campuses owned by the Crown.The move will allow them to sell land and buildings they no longer need, Tertiary Education Minister Steven Joyce said.New
Cabinet has approved a decision which will given tertiary institutions more control over areas of their campuses owned by the Crown.
The move will allow them to sell land and buildings they no longer need, Tertiary Education Minister Steven Joyce said.
New Zealand's public tertiary institutions manage Crown assets worth more than $1 billion.
The Cabinet decision will make it easier for tertiary institutions to apply to sell Crown assets they do not need or have them transferred to their ownership if the assets are still used.
Many institutions had more land than they needed and old and run down buildings, Mr Joyce said.
"This changes will give those institutions the option of further developing their properties so they can invest in better buildings and facilities.
"Institutions will now have more certainty about their long-term asset plans."
