Bundaberg council says lowering Paradise Dam will provide $2.4 billion hit to state economy - ABC News

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Council warns lowering Paradise Dam will cost Bundaberg region $2.4 billion

Bundaberg stakeholders are calling on the State Government to restore Paradise Dam to its full capacity, after a follow-up report confirmed $2.4 billion would be wiped from the Queensland economy if the dam wall was lowered.The council argues this will prevent a $2.

"The report was based on consultation with 300 growers and businesses in our region which built up and led to the estimation of that big economic impact of $2.4 billion," Mr Artup said. "This secondary report looks at Building Queensland's critique of our report, and actually in more detail defends our assumptions," he said.Mr Artup said he believed restoring the dam to its full capacity would cost $800 million, and that the council believed this would be a worthwhile investment for Queensland's economy.

Essential work to lower Paradise Dam's spillway by 5 metres to address safety concerns will begin within weeks, and is estimated cost $100 million.

 

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