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This page relates to the 2021-24 National Land Transport Programme.

Introduction

Public funding provides for nearly all land transport services and infrastructure in New Zealand and Waka Kotahi NZ Transport Agency is accountable to New Zealanders for how it invests that funding. This means closely monitoring costs and showing that services and infrastructure we (Waka Kotahi as investor) have invested in fulfil their intended purpose and achieve their expected outcomes and benefits.

This section of the Planning and Investment Knowledge Base provides information about monitoring and reporting to provide investment assurance. 

Annual achievement reports

Each approved organisation and Waka Kotahi (for its own activities) must provide us with an annual achievement report.

The information in the achievement reports provides feedback on the delivery of the programmes we and our partners have invested in. The achievement reports are also used for benchmarking and comparing the performance of the transport network across New Zealand. We develop reports using the information provided, and make them available to approved organisations and Waka Kotahi (for its own activities).

Annual achievement returns with information for the reports must be submitted to us via Transport Investment Online by mid-July. We define the precise date each year in a general circular.

Transport Investment Online(external link)
General circulars

Investment assurance activities

We systematically identify opportunities to improve both Waka Kotahi (for its own activities) and the transport sector’s performance, through the information obtained from audit and monitoring activities:

  • investment audits
  • benefits measurement
  • benefits realisation.

 Key features of investment assurance activities

The table below summarises the focus and scope of these different monitoring activities, the assurance they seek to provide, and business improvement opportunities they aim to identify. 

  Investment audits Benefits measurement and realisation
Focus Approved organisations and Waka Kotahi (for its own activities) Consistent measurement of benefits through an enduring set of benefits measures and ongoing monitoring through centralised data sets (where available)
What is assessed? Approved organisations’ and Waka Kotahi (for its own activities) capability Whether expected benefits are being delivered as per quantitative and qualitative measure forecasts
Assurance provided Approved organisations and Waka Kotahi (for its own activities) have systems, processes, and people in place to manage their investment risk and deliver sought outcomes Investments are achieving what was intended
Business improvement opportunities the monitoring activities help identify
  • Identify and share good practice to improve Waka Kotahi and entity performance
  • Provide better intelligence on the capability and performance of entities to be used in our investment practices
  • Identify opportunities to improve our processes, systems and guidance to entities.
Learn lessons for future investments, including good practice to share with others