Suncorp backs proposed Rockhampton levee project

Suncorp backs proposed Rockhampton levee project | Insurance Business

Suncorp backs proposed Rockhampton levee project

The Queensland government has launched a public consultation on the $60 million South Rockhampton Flood Levee – a move welcomed by Brisbane-based bancassurance giant Suncorp.

The proposed 8.7-kilometre levee will provide mitigation for the dangerously flood-exposed community of Rockhampton and is being fast tracked through a streamlined process.

Read more: Suncorp tackles flood debate

“This project will not only strengthen the local economy by minimising disruption and productivity loss but ease the cost of living pressures, and even potentially save lives,” said Gary Dransfield, Suncorp Insurance CEO.

“We must acknowledge all levels of government for funding the project, particularly Rockhampton Regional Council and the mayor for designing and championing this for many years now. Suncorp looks forward to receiving data and information about the project and getting on with the important business of re-pricing premiums for those households and buildings that stand to directly benefit from the reduced flood risk.”