Subscribe to our free daily newsletters
. Earth Science News .

Subscribe to our free daily newsletters

Australian flood costs top $6 billion

by Staff Writers
Sydney (AFP) May 17, 2011
Massive floods and a monster cyclone that swept through northeastern Australia over the summer will cost more than Aus$6 billion ($6.3 billion), Queensland Treasurer Andrew Fraser said Tuesday.

The figure is above the first estimate of Aus$5.8 billion for the damage caused by the deadly floods that swamped thousands of homes and paralysed the state capital Brisbane and were followed within days by Cyclone Yasi.

"I expect the cost of our natural disasters to be above that initial forecast, and exceed the Aus$6 billion figure," Fraser told an economic forum.

Australia suffered historic floods in December and January that swamped coal mines, ruined roads and other infrastructure and destroyed crops and farmland in Queensland and are set to impact on national growth.

Fraser said the extraordinary weather events, including Yasi, which wrecked towns and crops in the state's north, were a "kick in the guts for Queensland's economy", which had been enjoying strengthening business conditions in 2010.

The floods and storms had smashed exports from the coal-producing state, which had also suffered from a natural disaster in Queensland's major trading partner Japan following a massive earthquake and tsunami there in March.

"Presently we face enormous and immediate challenges in kicking over the flooded engine of the state's economy," Fraser said.

Queensland's unprecedented floods, which covered an area as large as that of France and Germany combined at their height, were blamed on the weather pattern known as La Nina.

But in good news for the state, some weather experts now believe that the phenomenon has passed, with Bureau of Meteorology forecaster Andrew Watkins saying that La Nina was "on the cusp of over".

Share This Article With Planet Earth DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook

Related Links
Bringing Order To A World Of Disasters
When the Earth Quakes
A world of storm and tempest

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Flood waters diverted onto Louisiana towns, farms
New Orleans, Louisiana (AFP) May 15, 2011
Residents of rural Louisiana watched in despair Sunday as floodwaters from the swollen Mississippi were diverted into their towns and farm lands in an effort to save the cities of New Orleans and Baton Rouge. "It looks like a battlefield," said Ronald Perry, a resident of the town of Butte LaRose. "It's nothing we would have ever expected," he told ABC television. "We had a nice qui ... read more

Japan's nuclear crisis timetable on track: PM

Doctors defy radiation woes in Japan's Fukushima

New Zealand budget to focus on quake bill: PM

Japan's TEPCO says shutdown plan on schedule

How to control complex networks

Video gaming teens sleep less: study

Mixing fluids efficiently in confined spaces: Let the fingers do the working

When is it worth the cost of remanufacturing

Foothill yellow-legged frog provides insight on river management

Salinity in Outer Banks wells traced to fossil seawater

Salinity in Outer Banks wells traced to fossil seawater

Water for Mongolia

Denmark plans claim to North Pole seabed: foreign minister

Ecological impact on Canada's Arctic coastline linked to climate change

Canada PM's Arctic stand 'frosty rhetoric'

States set rules on exploiting Arctic wealth

Livestock genes could protect against one of Africa's oldest animal plagues

Drought tolerance in crops: Shutting down the plant's growth inhibition under mild stress

India's top court imposes ban on 'toxic' pesticide

New Strategy Aims to Reduce Agricultural Ammonia

New Zealand inquest told of quake victims' last moments

Vietnam tests first tsunami alert system

Australian flood costs top $6 billion

Local tsunami alert after 6.5 quake off Papua New Guinea

Mozambique wages war on man-eating crocs

Humanity can and must do more with less

Outside View: Kenya mobile banking network

Burkina Faso ruling party says opposition aiming for coup

Sporadic mutations identified in children with autism spectrum disorders

Computer program aids patients in end-of-life planning

Ancient rock carvings found in Sudan

New method for engineering human tissue regeneration

The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement