The Central Queensland University Foundation has approved funding and fundraising to renovate and refurbish the Heritage Rockhampton Post Office in Rockhampton's central business district. Details of the $3 million project however will not be announced until commercial arrangements and MOUs with partners are signed and locked in.

The CQU Foundation accepted the plan, under consideration for the last eleven months, last Friday night, 16 August.

The old Post Office is one of six buildings owned and operated by the University in the CBD. Five of those buildings are filled, bringing more than 800 staff and students into the area. It will house a new education facility, which will draw professionals from around the region. It is expected to staff up to 20 employees.

"Resources have been allocated for this unique project and we hope to be in a position to make announcement by early October," said Eric Laakso, Deputy Vice Chancellor, International and Corporate.

"This is another community-based initiative Central Queensland University is driving with the help of committed partners," explained Errol Payne, Dean, Arts Health & Sciences and Chair of the Project Steering Committee. "CQU's initial commitment involves cross-University collaboration and a plan to link partners external to the University in a collaborative venture which will respond to the real needs of our communities, not just in Rockhampton but throughout all of Central Queensland."