This page relates to the 2018-21 National Land Transport Programme.
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 Waka Kotahi has invested in fulfil their intended purpose and achieve their expected outcomes and benefits.
This section of the Planning &Investment Knowledge Base provides information about the different activities of the Waka Kotahi investment assurance framework.
Each approved organisation and Waka Kotahi (state highways) must provide an annual achievement report to Waka Kotahi.
Waka Kotahi is accountable for its investment decisions. The information in the achievement reports provides feedback on the delivery of the programmes Waka Kotahi has invested in. The achievement reports are also used for benchmarking and comparing the performance of the transport network across New Zealand. Waka Kotahi develops reports using the information provided, and makes them available to approved organisations and Waka Kotahi (state highways).
Annual achievement returns with information for the reports must be submitted to Waka Kotahi via Transport Investment Online(external link) by mid-July. The precise date is defined each year in a General Circular issued by Waka Kotahi.
The investment assurance framework provides assurance about the services and infrastructure Waka Kotahi invests in. It also systematically identifies opportunities to improve both the Waka Kotahi and the transport sector’s performance.
The framework covers three audit and monitoring 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.
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Investment audits |
Benefit realisation reviews and investment performance measurement |
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Focus |
Approved organisations and Waka Kotahi (state highways) |
Completed projects or packages Waka Kotahi has provided funding for |
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What is assessed? |
Approved organisations and Waka Kotahi's (state highways) capability |
Whether expected benefits of projects/packages have been achieved for expected cost Explanation of variation of actual results from those expected |
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Assurance provided |
Approved organisations and Waka Kotahi (state highway) have systems, processes, and people in place to manage their investment risk and deliver sought outcomes |
Projects/packages invested in are achieving what was intended and for the expected cost |
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Business improvement opportunities the monitoring activities help identify |
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Learn lessons for future projects/ packages that are invested in, including good practice to share with others |
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