Australian PM Julia Gillard flies in an army helicopter to view the flooded Fitzroy River in Rockhampton on January 8, 2011.
STORY HIGHLIGHTS
- NEW: Gillard says $4 million has been allocated, but hundreds of millions more are needed
- Flooding recedes in Rockhampton but could still peak in St. George
- Parts of eastern Australia are forecast to get above-average rainfall until March
- Queensland official: The repair could take months or years to complete
"Today I've been in St. George, and they are still bracing for the peak of the flood," Julia Gillard told Australia's Nine Network, according to a transcript from the prime minister's office. "They're very well prepared, but of course they're anxious as they await the peak."