Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Interviews

Interview: Reconstructing Queensland after the floods

Published : , on

Interview with Graeme Newton, Chief Executive Officer, Queensland Reconstruction Authority

From December until April north eastern Australia suffered at the hands of the worst flooding and the largest cyclone in more than 100 years. More than 200,000 people were affected across the length and breadth of Queensland. The floods washed away roads and railways, destroyed crops and brought Queensland’s $20 billion coking coal export industry to a near halt, proving to be Australia’s most expensive natural disaster. In February 2011, the Queensland Reconstruction Authority was established and was tasked with oversight and coordination of the reconstruction and recovery effort.

Following President Zoellick’s offer of assistance, the governments of Queensland and Australia requested for Bank support for the reconstruction process. The undertaking takes place in several phases and is based on the concept of a knowledge exchange where the Bank contributes global good practice and at the same time learns from Australia’s experience in recovery, reconstruction and risk mitigation. In the first phase of March 2011, the team focused on the overall reconstruction approaches and strategies. In the second phase of May 2011, Bank staff will support the roll out of courses for councils on developing their local reconstruction plans. The outcomes of the cooperation will be issued in a publication and presented at the Bank and in Queensland. A Memorandum of Understanding for a longer-term partnership will also be signed between the Authority and the World Bank.

Question:
What are the main lessons learnt from the devastating floods and cyclone in Queensland?
Graeme Newton: Situational awareness is key. It is critical to engage with emergency services and local authorities in order to gain early, accurate, and complete data about the impact of the disaster as it is unfolding. The disaster management framework must include adequate capacity for the collection of initial and ongoing information grabs and data collection, at every level. Keeping perspective is similarly important. In Queensland, the flood and cyclone disasters impacted every local area of the State, but to varying levels. It is important to recognize that communities will respond to and will recover from disasters in different ways. In the reconstruction phase, by striving to strike a balance between what is essential and what is comfortably achievable, we are making good progress in getting the State’s communities back on their feet and making them more resilient for the future.
What is the long-term vision for Queensland and what are the top three priorities for the Queensland Reconstruction Authority?
The long term vision, put simply is to reconnect, rebuild and improve Queensland communities and its economy. The main priorities are centered on ‘people first’ and are:

  1. maintain the self-confidence of Queensland;
  2. build a resilient Queensland and support resilient Queenslanders; and
  3. enhance preparedness and disaster mitigation.

What concrete steps does the Queensland Reconstruction Authority take to build a more resilient Queensland?
The Authority undertakes reconstruction work under the priorities detailed in the: 1) State Plan (Operation Queenslander), which outlines the Queensland reconstruction road map and is centered on six key lines of reconstruction: Human and Social, Economic Environment, Building Recovery, Roads and Transport, and Community Liaison and Communication; 2) Implementation Plan – the ‘how’ of the State Plan; 3) Local plans (localized plans building up through the Lines of Recovery to build a better State; as well as 4) combines the efforts and assistance of federal, state, local, corporate, not-for-profit and international partners.

Over the past months, what has been the biggest concern?
The main concern has been in keeping people as the main priority and getting system in place to ensure reconstruction happens as quickly as possible.

What are you most proud of in your work at the Queensland Reconstruction Authority?
In only a short timeframe, we have moved from zero to enact the establishment of the Authority, and swiftly procure and distribute over $400 million in funding to areas of need across the state. Though there is still an immense amount of work to be done, Queensland is well on the road to recovery.

What recommendations would you make to governments planning reconstruction of large areas after a major flood event?
First of all, act promptly. Keep people as well informed as is possible, using traditional and non-traditional media. While the central media will cover the overall story if it is a large area keeping local media is critical as well. Secondly, ensure the support of the political leaders and the community, while maintaining independence. Thirdly, be prepared to push limits and boundaries to achieve what needs to be achieved. All of the community, especially those directly impacted must have confidence that those responsible are looking out for all and that none are forgotten.

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post