$4.2 billion to be spent on Queensland flood recovery
THE Newman Government has allocated $4.2 billion in today's Budget to rebuild Queensland after this year's floods, with $2.1 billion of that going to road reconstruction.
Local Government, Community Recovery and Resilience Minister David Crisafulli said the funds would flow from the Natural Disaster Relief and Recovery Arrangements (NDRRA) allocation, which is funded jointly with the Federal Government.
"The cost to Queenslanders is enormous, whether or not they were affected by the floods," Mr Crisafulli said.
"This isn't State or Federal Government money - it's Queenslanders' money."
Mr Crisafulli said the $4.2 billion would be spent on rebuilding, and the State had lobbied the Federal Government hard for extra funding to allow councils to replace damaged infrastructure with more resilient structures.
Treasurer and Minister for Trade Tim Nicholls said Queensland had asked the Federal Government for a joint $200 million Betterment Fund, but the Federal Government had only offered $40 million.
"The current $80 million Betterment Fund, jointly funded by the State and Federal Governments, will have to deliver maximum value for money," Mr Nicholls said.
"We believe the best results will come about through the department and councils working closely together to identify and jointly deliver council assets that can better withstand natural disasters, which is what Queenslanders deserve."
Mr Crisafulli said the 2013-14 State Budget would foster rebuilding and resilience in a responsible way to provide the most effective use of available funds.
Over the period 2012-13 to 2014-15 the State will spend a total of $9.3 billion on reconstruction.