The Queensland Government has announced that the state’s councils have applied for nearly $1 billion worth of funding from the $80 million Betterment Fund initiative.

The initiative, designed to rebuild assets and make them more flood resilient, is a joint $80 million Federal/State fund.

State Community Recovery and resilience Minister, David Crisafulli, said that applications from over 48 councils proved that the current funding for the project was falling well short of the mark.

Mr Crisafulli said that the State Government would continue to lobby the Federal Government and Opposition for the preferred $200 million funding pool.

"The strong interest from councils has confirmed what I expected, which is that they have been frustrated going through the motions replacing “like-for-like” only to see it washed away the next time it floods," Mr Crisafulli said.

"While you will never completely flood proof a state as big and diverse as Queensland, I know that stronger assets this time around will ensure the recovery bill will be reduced the next time disaster strikes.

"The projects predominantly relate to stronger roads and drainage, but other infrastructure such as water and sewage treatment plants, bridges and culverts have also been forwarded.”