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The Queensland Betterment Fund facilitates the reconstruction of public assets to a more disaster-resilient standard. Jointly funded by the Australian and Queensland governments on a 50:50 basis, the fund has demonstrated that upfront investment in stronger, more resilient infrastructure significantly reduces costs for all levels of government in the face of future disasters. Since its establishment in 2013 by the Queensland Reconstruction Authority, the fund has supported over 750 projects, with a total betterment value exceeding AUD 533 million (US$358 million) across 70 local government areas in Queensland. These projects have been crucial in enhancing the resilience of communities impacted by severe naturally triggered disasters. Click to Read |
