Queensland’s $2 Billion Damage Bill for Rebuild Set to Rise

Published on January 6, 2024

The bill for damage caused by the wild weather that has lashed Queensland might not be finalised for months. The combined economic impact and recovery cost currently stands at a staggering $2 billion (US$1.3 billion). A massive clean-up lies ahead after record flooding caused by ex-tropical cyclone Jasper in the far north and devastating storms in the southeast in recent weeks. “The storms have left our city facing a once-in-a-generation storm clean up with some homes and infrastructure basically obliterated,” Gold Coast Mayor Tom Tate said. The final repair bill won’t be known until the full extent of the damage is uncovered....

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