Waka Kotahi NZ Transport Agency's investment and funding assistance policy guides the investment and allocation of funds from the National Land Transport Fund (NLTF) to give effect to the Government Policy Statement on Land Transport. It also covers the investment of funds from other sources, either to augment the NLTF or on behalf of the government in respect of Crown funding.
Waka Kotahi NZ Transport Agency provides funding assistance to approved organisations to reflect the split of national and local benefits from investments in local authority land transport activities. The rates of funding assistance vary amongst approved organisations and reflect the application of Waka Kotahi funding assistance policy following the FAR review in 2012-14.
The business case approach is a fundamental requirement for all investment proposals seeking funding from the National Land Transport Fund. It provides a best practice framework for identifying the core problem and developing the most appropriate solution, based on early collaboration between stakeholders and development on a robust, evidence based business case.