 Tertiary level vocational education is also available through the multi-campus Canberra Institute of Technology.The ACT Government announced on 5 March 2020 that the CIT campus and an adjoining carpark in Reid would be leased to the University of New South Wales for a peppercorn lease, for it to develop as a university campus.UNSW is expected to invest A$1B in the redevelopment, that will take some 15 years to complete.