Bay of Plenty Regional Council is reporting repairs from flood events over the last six months are likely to cost more than $10 million.

The council's operations, monitoring and regulation committee today heard that the combined August, December and two January 2011 flood events are estimated to have caused $10.5 million damage.

Flooding in the region in the last six months is costing the Bay of Plenty Regional Council more than $10 million. Photo by James Hunter.

Following the August 2010 floods, the council approved the depletion of flood reserves to undertake flood damage repairs.

By the end of 2010, $1.1 million had already been spent on repairs from the August floods.

Further storms in late December and floods in January created more damage and exacerbated pre-existing damage in areas where repairs were not complete.

The regional council's current best-estimate to repair all remaining flood damage is $9.4 million, in addition to the $1.1 million already spent, bringing the total flood damage cost since August 2010 to $10.5 million.

Committee chair Malcolm Whitaker says it is important to note that since flood reserves are completely used, an increase in the contribution to flood reserves will be requested as part of the draft Annual Plan which opens for submissions this week, and next year's Ten Year Plan process.

'These estimated costs mean that river schemes will need to look carefully at how they will continue to be sustainable.

'Now is the time for council and scheme ratepayers to join together and take a serious look at the value the schemes provide and how much the scheme ratepayers are prepared to keep paying to repair damage.

'We also need to look at the methods we use to carry out these repairs to ensure we are using the most technically and economically sound methods to prevent further damage.”

Meetings are organised to discuss flood damage with river scheme liaison groups during March and April.

Possible funding options for the flood repairs include indicative rates if all of the damage is repaired over the next year and possible deferment of planned capital works.

This will be discussed with scheme liaison groups and brought back to the council during the Annual Plan consultation period, taking into account feedback from the liaison group meetings.