One of the best known examples of investment in disaster mitigation is the Red River Floodway. The building of the Floodway was a joint provincial/federal undertaking to protect the City of Winnipeg and reduce the impact of flooding in the Red River Basin. It cost $60 million to build in the 1960s. Since then, the floodway has been used over 20 times. Its use during the 1997 Red River Flood alone saved an estimated $6 billion. The Floodway was expanded in 2006 as a joint provincial/federal initiative.
One of the best known examples of investment in disaster mitigation is the Red River Floodway. The building of the Floodway was a joint provincial/federal undertaking to protect the City of Winnipeg and reduce the impact of flooding in the Red River Basin. It cost $60 million to build in the 1960s. Since then, the floodway has been used over 20 times. Its use during the 1997 Red River Flood alone saved an estimated $6 billion. The Floodway was expanded in 2006 as a joint provincial/federal initiative.