This release was issued under a previous government.

"The delivery of financial assistance from the federal government for the June floods is certainly good news. Insurance claims included, this unprecedented disaster will cost approximately $6 billion to help restore affected areas of the province and reduce the chance of future devastation on this scale. Sharing these costs with our federal partners helps us to continue our flood recovery efforts, support impacted Albertans and make our province a safer place.”

- Ken Hughes, Municipal Affairs Minister

The 2013 Southern Alberta Flood Disaster Recovery Program is eligible for cost sharing under the federal Disaster Financial Assistance Arrangements, with the federal share estimated to be $2.6 billion, which includes $201 million for Alberta’s First Nations.

The province will continue to work closely with Public Safety Canada to maximize future advance payments for the June 2013 flooding.

The Government of Alberta’s Budget 2014 committed $1.1 billion to rebuilding efforts, while remaining fiscally responsible and staying focused on helping individuals and communities affected by the flood.

Under the Building Alberta Plan, our government is investing in families and communities, living within our means, and opening new markets for Alberta's resources to ensure we're able to fund the services Albertans told us matter most to them.

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Budget 2014 commits to flood recovery and mitigation projects (Mar 14, 2014)