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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.
CQ can tap into $50m flood mitigation funding
The Australian Government last Friday announced the establishment of a $50 million National Flood Mitigation Infrastructure Fund to help Australian communities to better prepare for extreme weather events and flooding.
The program has been established under the Emergency Response Fund and aligns with recommendations of the Royal Commission into National Natural Disaster Arrangements, the National Disaster Risk Reduction Framework, and findings of the State of the Climate Report 2020.
The funding initiative will support state, territory and local governments to improve or construct essential public infrastructure to better withstand severe flood events.
This initiative was determined by Emergency Management Australia (EMA) based on their consultations about the types of projects that could support the ERFs objectives.
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