This page relates to the 2024-27 National Land Transport Programme.
NZ Transport Agency Waka Kotahi (NZTA) is required to act in accordance with the operating principles for investment decisions as set out in the Land Transport Management Act 2003.
We (NZTA as investor) have adopted the following investment principles to guide the development and update of our investment policies, and their interpretation. These investment principles provide an overarching direction for our investment decisions and support us to invest in a way that aligns with our statutory operating principles.
We invest in a way that contributes to an effective, efficient, and safe land transport system in the public interest and that gives effect to the Government Policy Statement on land transport. We encourage activities and packages of solutions that are deliberately designed to deliver multiple outcomes, including contributing to wider government priorities and enhancing community wellbeing where transport has a role to play.
To ensure the most effective and efficient solutions are implemented, we require an appropriate assessment of options and the application of our intervention hierarchy. When assessing ‘value’, we consider social, environmental, safety, cultural and economic impacts, whole-of-life costs and benefits. We ensure an equitable sharing of costs to reflect both public and private benefits.
We ensure intergenerational impacts and land-use integration opportunities are considered so that immediate decisions support long-term outcomes. Recognising future uncertainty, activities should also be resilient to known and unexpected trends and events, and responsive to changing technology.
We work together with Māori, local government and other investment partners and agencies to undertake planning work, seek aligned priorities and coordinate activities. Māori, stakeholder and community engagement informs our decision-making and helps us to tailor solutions to local conditions.
We are open, clear and impartial when making investment decisions. We use timely, agile, right-sized and fit-for-purpose processes that are easy to understand and scaled to the appropriate level of risk. We will continue to improve future investment decision-making through the ongoing evaluation of results to ensure evidence remains robust.
We recognise and acknowledge Te Tiriti o Waitangi when making investment decisions to provide positive outcomes for Māori. We work with Māori, our co-investment partners and other government agencies to find opportunities to better respond to Māori aspirations through our investment decisions.
