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IAG welcomes $50 million fund to protect communities from flooding
IAG has welcomed the establishment of the Commonwealth Government’s $50 million National Flood Mitigation Infrastructure Fund to help prepare and protect communities from the impact of extreme weather and flooding.
The funding will be available for state, territory and local governments to improve or construct essential public infrastructure to better withstand severe flood events.
IAG Managing Director and CEO Nick Hawkins said the announcement was timely given the current weather system impacting communities in northern New South Wales (NSW) and south east Queensland.
“This new fund is an important reminder for governments at all levels of how critical it is to look for ways to protect our communities vulnerable to extreme weather events like the heavy rain and flooding we are seeing now in Queensland and NSW,” Mr Hawkins said.