More than 90% of the 2024-27 NLTP is expected to already be committed, due to project cost increases, revenue shortfall from the lingering effects of COVID and the changing face of travel.
Work is well underway on the Land Transport Revenue Review with the Ministry of Transport and Treasury exploring a range of options for how we can bridge the significant funding gap during the next decade. A short-term solution is expected for the 2024-27 NLTP, while we work through the development of a new funding model to futureproof long-term investment.
In additional, targeted government funding, such as the Climate Emergency Response Fund (CERF), is available to invest in climate initiatives
As a result, your Regional Land Transport Plans need to include the full list of activities that you have identified as significantly important for your regional land transport system. This will show you have completed your strategic thinking, and if you have also consulted with your community on the future, you will be in a strong position to take advantage of additional funding that becomes available.
