The Commonwealth, Tasmania and Launceston City Council have signed an historic City Deal to create jobs, boost wages and drive a strong economic future for the North.

The centrepiece of the deal is the $260 million commitment to move the University of Tasmania’s main Launceston campus to Inveresk near the city centre.

This goes hand-in-hand with the City Deal’s $19.4 million support for Launceston’s City Heart project, which will rejuvenate Launceston’s historic CBD. The first milestone payment is expected in August 2017.

The Turnbull and Hodgman Governments will begin expanding the Tasmanian Hydro System to provide affordable, reliable electricity as we transition to a lower emissions future.

The Australian Renewable Energy Agency (ARENA) will work with Hydro Tasmania on feasibility studies to assess several new pumped hydro energy storage schemes that could deliver up to 2,500MW of storage capacity for the National Electricity Market, as well as examining expansion of the Tarraleah and Gordon Power Stations.

PRIME MINISTER: Well I welcome everybody and it’s wonderful to be here with you again, Will on your birthday as I’ve noted several times. Never enough, but here at the Trevallyn Power Station. Hydro Tasmania is the largest provider of hydroelectric power in Australia. Larger, produces more hydro power than Snowy Hydro. It is a very big system and its importance has become greater as the energy market has evolved. What we're seeing today is more renewable energy. We're seeing more distributed energy.

LEIGH SALES:

With me now is the Prime Minister, Malcolm Turnbull. Welcome again.

PRIME MINISTER:

Great to be with you.

LEIGH SALES:

What is the actual problem you are trying to fix here?

PRIME MINISTER:

What we are doing is re-enforcing the citizenship which is at the foundation of our nation, ours the most successful multicultural society in the world.

LEIGH SALES:

If it's so successful, what's the problem?

SAMANTHA ARMYTAGE:

Good morning and welcome. Firstly, on this latest Paris attack, have you heard anything more on this from your advisers?

PRIME MINISTER:

The account you’ve just had from Keith Suter is the advice I have had from our counter-terrorism coordinator who I spoke to just a moment ago.

Our prayers are with the family of the police officer that has been killed and we pray for a quick recovery for the police officer that has been wounded.

PRIME MINISTER:

Thank you very much Tim and thank you Brendan, both very powerful addresses.

Vice Admiral Griggs, General Campbell, Keith Payne and Flo, Catherine Livingstone and Andy Penn from Telstra and Robert Dick, President of the RSL of Australia, dear friends, all.

As Anzac Day approaches, we remember and honour the sacrifices that have kept us free.

A high price indeed paid for our freedom, paid in young lives lost far from home.

MIRANDA DEVINE:

Good morning I’m Miranda Devine and welcome to The Daily Telegraph’s first ever Facebook live interview with the Prime Minister, Malcolm Turnbull, coming live to you on The Daily Telegraph website. 

Good morning Prime Minister.

PRIME MINISTER:

Good morning, isn’t this exciting?

MIRANDA DEVINE:

Isn’t this exciting?  We’re making history here. 

PRIME MINISTER:

We are indeed.

MIRANDA DEVINE:

PRIME MINISTER:

Vice President, welcome.

We’ve had a great discussion and prior to that our families got together and had a good morning tea and enjoyed meeting your wife and your daughters. I know that Karen enjoyed meeting our grandchildren. It was a very warm family event. Welcome.

We are very honoured that you are visiting us, here so early in the term of the Trump Administration. This is the earliest visit by a vice president in the term of a new administration in history.

PRIME MINISTER:

Vice President, it has been a great honour to welcome you to Australia. This is the earliest visit to Australia of any Vice President in a new administration, and your commitment to our Alliance, your commitment to the region, the commitment of the Trump Administration to the security and the stability, the maintenance of the rule of law in our region, in the Indo-Pacific is one that we welcome, we are delighted that you’re here.

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