The Queensland Government has announced $4.2 billion will be allocated in the 2013-14 State Budget to rebuild the state after this year’s floods, with $2.1 billion of that going to road rebuilding.

Community Recovery Minister, David Crisafulli, said that the funding would be delivered through the Natural Disaster Relief and Recovery Arrangement (NDRRA) allocation.

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.