Treasurer Wayne Swan
Treasurer Wayne Swan

‘Boom town’ Hervey Bay to share in $100 million of funding

THE Fraser Coast was flagged in Tuesday night's Federal Budget as one of a few booming regions in Australia where infrastructure and housing was struggling to keep up with population growth.

Recognised as a city "demonstrating evidence of future job growth", Hervey Bay will share in more than $100 million in funding to improve housing affordability, sewerage systems and roads.

Detailed plans have been released at fahcsia.gov.au.

The Wide Bay was re-listed as one of the country's expanding fly-in fly-out regions but there was no funding commitment to increasing services.

Regional Queensland will share in more than $100 million in disaster relief during the next five years.

More than $69 million will go towards towns directly impacted by this year's floods.

Concession loans of up to $650,000 will go to eligible businesses and primary producers who suffered extreme damage.

It came in the Budget that Treasurer Wayne Swan said would make Australia a "stronger, smarter and fairer" country.



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