This year’s devastating floods in South East Queensland will cost the state an estimated $7.7 billion (US$5.3 billion), according to an independent Deloitte Report recently released.
The report looked into the financial, economic and social costs of the severe rainfall and flooding events that occurred between late February and early April and impacted 23 local government areas (LGAs), including Brisbane and the Gold Coast.
Deputy Premier and minister responsible for the Queensland Reconstruction Authority, Steven Miles, said: “The key findings of this report highlight the sheer extent of the damage caused by these floods.”
“Deloitte has taken a broad range of factors into consideration including human and social impacts; damage to residential, commercial and public infrastructure, as well as industry disruption; emergency response and clean-up and environmental factors.”…