This page relates to the 2021-24 National Land Transport Programme.
Funding assistance rates (FARs) are the funding contribution, in percentage terms, that we (Waka Kotahi NZ Transport Agency as investor) make to an approved organisation for its eligible land transport activities. This section of the Planning and Information Knowledge Base (PIKB) provides information on the FARs that will be applied in the 2021–24 National Land Transport Programme (NLTP). FARs are reviewed every three years, before each NLTP.
FAR policy governs how we set the FARs, defines the criteria for adjustments and front-loading of FARs, and explains situations where we may agree to higher-than-normal targeted enhanced FARs. Section 20C of the Land Transport Management Act 2003 requires Waka Kotahi to set the rate of funding assistance from the National Land Transport Fund (NLTF). This currently averages 53% of the cost of local transport programmes.
For more information on FAR policy, see:
There are three categories of FARs:
For more information on variations to normal FARs, see:
Other funding assistance rates