The £228m plan will see City of Glasgow College redevelop its existing sites on Cathedral Street and at Thistle Street.

The Glasgow Learning Quarter consortium, which includes McAlpine and Forth Electrical Services, fought competition from Bam for the 25-year concession to design, build, finance and maintain the new campus.

The 700,000sq ft development will comprise two new buildings constructed on college land at Cathedral Street in Glasgow city centre and at Thistle Street on the banks of the River Clyde.

Thistle Street scheme to be built on banks of Clyde.

The super college was formed in 2010 through the merger of Central, Metropolitan and Nautical Colleges.

The College has used the Scottish Futures Trust’s Non Profit Distributing financing model, and is expected to create 170 new jobs during construction, a minimum of 40 modern apprenticeships.

Barry White, Chief Executive of the Scottish Futures Trust (SFT), said: “Yet again we have reached financial close on a massive construction project in record time.

“This £228 investment represents the single largest estates investment in the college sector in Scotland.