Minister for Water Peter Walsh said as a result of working closely with counterparts, the Commonwealth government and Ararat Rural City Council $250,000 in funding will be delivered so the flood study can be conducted.

"The previous Labor government failed to invest in adequate warning systems and flood models and left regional and rural communities across Victoria exposed to flood disasters," he said.

Mr Walsh said communities were put through a lot of agony and trauma during the floods.

"One of the great things since then is we've seen the three levels of government in the relevant communities actually working together to a, do the studies and b, implement those particular studies," he said.

Member for Wannon, Dan Tehan said it was great to see the three levels of government; federal, state and local, working together on such an important project.

"It's very easy for us now when that time has moved on to forget about the impact that it actually had on people's lives and what it was like for them to have the water coming into their houses and the sense of vulnerability that they felt during that time," he said.

"The fact the governments of all levels and persuasions haven't forgotten that and are continuing to act I think is incredibly important."