RACQ supports investment to protect FNQ
UPDATE 4PM WEDNESDAY: Both sides of politics have made election commitments to boost resilience and mitigation projects in Queensland regions often impacted by severe weather.
RACQ has applauded both the LNP’s $50 million disaster resilience package to provide $15,000 grants to residents who cyclone-proof their homes and the Palaszczuk Government’s commitment to spend $42.5 million on the East Bundaberg Flood Levee.
RACQ General Executive Insurance Tracy Green said these commitments to help mitigate against future disasters could protect homes and save lives.
“The 2013 floods in Bundaberg were devastating for families, business owners and local schools who were caught in its path,” Ms Green said.
“A levee in East Bundaberg will provide a much-needed layer of protection to residents for future events, and we’ve also seen levees have a positive long-term effect on driving down local insurance premiums when they’ve been introduced in other Queensland communities.
“Disaster mitigation projects like this can help lower a community’s exposure to insurable events and in turn reduce the cost of premiums over time – it really is a win/win.”
Ms Green said while it was great news government was focused on mitigation projects, it would still be a while before local residents saw the benefits of this.
“As I understand it, the East Bundaberg Flood Levee project is expected to take three years to complete and is still subject to a funding commitment from the Federal Government to even begin,” she said.
“This means the community could be exposed to at least three more severe weather seasons before they see any element of protection. We need all levels of Government to fast-track mitigation projects like this as quickly as possible, so we can help reduce the devastating impact natural disasters continue to have on Queenslanders.”
Ms Green said the LNP’s plan to provide grants to homeowners in coastal areas from Bundaberg to the far north of the State could provide more immediate support in improving the safety of residents and reducing the risk of property damage in a cyclone.
“We’ve seen this program be very successful before, and it’s great the Opposition has committed to extending this grant scheme if elected.”