Queensland proposes $100 million Floodplain Security Scheme
The Queensland Government has proposed a $100 million, four year Floodplain Security Scheme (FSS) and called on the Federal Government to match State spending in the program which would aim to flood-proof large parts of Queensland.
Deputy Premier Jeff Seeney has written to the Federal Minister for Emergency Management Nicola Roxon seeking Federal support for an overall approach to flood risk management and mitigation efforts.
Mr Seeney said Queensland would commit $40 million over the next four years to deliver a comprehensive planned program of flood mitigation, but believed Federal and local government involvement could create a $100 million flood mitigation fund.
“It is the Queensland Government’s view that the FSS, part of the Royalties for Regions program, should be funded on a 2:2:1 basis with the Commonwealth and State Governments providing $2 million for every $1 million provided by local government,” Mr Seeney said.
“A matching $40 million commitment from the Federal Government would provide significant and vital investment in reducing the flood risk for Queensland communities and would reduce the financial exposure of all levels of government to future disaster events.”
Mr Seeney said the recent Charleville flood where levees prevented flooding in the town and saved tens of millions of dollars in disaster and insurance payouts showed the benefits of effective proactive mitigation work.
“Upfront investment can provide long term savings to all levels of government and the community and provide increased confidence to the insurance sector.”