'A$6 Billion and 2 years' to rebuild Queensland

16 March 2011

It will take A$6 billion ($5.9 billion) and two years to rebuild Queensland following flooding and a cyclone in the area, it has been claimed.

Queensland premier Anna Bligh noted the process could, however, create job opportunities and help to lift the economy of the region - the third largest in Australia - off its knees, Bloomberg Businessweek reports.

She said: "It will have a stimulatory effect on the economy. We are already seeing substantial recovery in some areas."

Cyclone Yasi struck Queensland six weeks ago, adding to the problems in the area already brought about from extensive flooding.

Ms Bligh observed that 86 per cent of the road network and 94 per cent of mines are now either partly or fully operational.

Reuters recently suggested that the recovery and restoration in Japan following the earthquake and tsunami that ravaged the country last week will cost more than $180 billion.

By Claire Archer

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