THE damage bill from massive floods that hit northeastern Australia this year will likely be $7,3billion (about R48billion) - $1 billion (about R6billion) more than previously thought - an official said yesterday.
Queensland treasurer Andrew Fraser revised the cost of the natural disaster and was followed within days by the destructive Cyclone Yasi after getting further estimates.
Australia flood costs soar
THE damage bill from massive floods that hit northeastern Australia this year will likely be $7,3billion (about R48billion) - $1 billion (about R6billion) more than previously thought - an official said yesterday.
Queensland treasurer Andrew Fraser revised the cost of the natural disaster and was followed within days by the destructive Cyclone Yasi after getting further estimates.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos