The Commonwealth and Queensland governments have established a $100 million Betterment Fund to help protect communities impacted by the North and Far North Queensland monsoon trough – a move welcomed by Insurance Australia Group (IAG).
The fund, part of the $242 million recovery package jointly funded under the Commonwealth-Queensland Disaster Recovery Funding Arrangements (DRFA), will enable councils and state agencies to rebuild and upgrade key public infrastructure such as bridges, roads, and floodways to a more resilient standard.
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