Water shortages are threatening to disrupt the banking industry in Australia, with the state of Queensland facing a crisis in storage capacity as the government ramps up the construction of the country’s first new $5 billion super reservoir.

Water storage tankers will start arriving in Queensland’s Port Hedland this week, as part of a $20 million upgrade to the state’s water infrastructure.

“This is a significant milestone for the future of water in Queensland, with water storage capacity in the state set to increase by 30 per cent over the next five years,” Queensland Treasurer Steven Miles said.

“It will allow Queensland to meet its water demand through more efficient and cost-effective water use.”

Queensland’s new super reservoir is an important part of this vision, and will help ensure that water supplies are always within Queensland’s control and that Queenslanders are well-served when and where they need it.

The State Government’s new Water Infrastructure Investment Plan (WIP) aims to build about 700,000 storage tanks and water heaters in the coming decade. “

The super reservoir will enable Queenslanders to have a water supply of up to 100 million litres per day by 2020,” he said.

The State Government’s new Water Infrastructure Investment Plan (WIP) aims to build about 700,000 storage tanks and water heaters in the coming decade.

In 2017-18, Queensland’s storage capacity was just under 30 million litres of water, while the Queensland Water Utilities Board reported about 1.3 million storage tanks were needed.

Queensland Water Minister David Shoebridge said the storage facility would help Queenslanders meet their water demand.

“With the arrival of this new super storage, Queensland will become one of just a handful of states with more than 1 million storage tank cars on the road, and the state will also have more than 800,000 super water heater systems ready to go by 2020, according to the State Government,” Mr Shoebrid said.

Water Storage Tankers Queensland’s first super storage tank arrives in Port Hedlands.

Photo: Supplied The Queensland Government’s plan includes the construction and operation of six new super reservoirs, which are expected to be completed by 2020.

They will be built on existing state-owned infrastructure and will provide water supply to about 1 million households and businesses in Queensland.

Water will also be piped to remote areas, to allow residents to heat their homes or businesses during the hot summer months.

The super reservoirs are expected help Queensland meet its 2020 water demand with water heat and cooling.

Water heaters are expected in Queensland for the first time in 2021.

Queensland has been planning for water shortages for years, but this is the first large-scale project to be commissioned.

In April 2018, the State government announced it was considering the construction, operation and maintenance of a new super reserve in Port Tamarindi, near the border with Victoria.

The Queensland government also announced in January 2018 that it was reviewing the use of coal-fired power stations in Victoria, which could potentially result in the closure of several power stations.

The state has been looking to secure more storage facilities for years and is set to build another super reservoir in the region, with Queensland also planning a new large-capacity water reservoir.

The water reservoir would be the largest of its kind in the world.

Mr Miles has said the super reservoir would help meet its new water demand by 2040.

“We are looking at the viability of using coal-powered plants for the foreseeable future and we need to be prepared to look at the economic costs,” he told the ABC.

“I think the economic cost of the construction is going to be around $15 billion, that is the cost of building a new storage facility and that is going the scale of a large super reservoir, that will have a huge impact on our economy.”

We are really keen to get this project going as quickly as possible and it is not a matter of if it will be completed, it is a matter for the planning and the engineering of the project, because we are really concerned about what the impact on the economy is going be, what the economic consequences will be.

“If we have a super reservoir like this in Queensland that is a large storage facility that is being constructed, the impacts are going to have on the state economy for the next 20 years.”