This page relates to the 2018-21 National Land Transport Programme.
This section provides guidance for assessing low cost, low risk improvement programmes within the local road improvements, state highway improvements, regional improvements or public transport Improvements activity classes for activities up to $1 million total cost per activity.
For general information about developing an assessment profile including relevant reference frameworks, see Developing an assessment profile.
Before a proposal is assessed against the Investment Assessment Framework (IAF), a business case must be developed, which Waka Kotahi NZ Transport Agency assesses to ensure it:
The low cost, low risk improvements are delivered under the following work categories together with the definitions and conditions of funding:
Key principles for low cost, low risk programmes include:
Generic rating
The assessment is made at the programme level. The generic rating for results alignment for low cost, low risk programmes is high. Results alignment for each activity in the programme is captured in the relevant low cost, low risk template which can be downloaded from Transport Investment Online(external link) (TIO).
Waka Kotahi requires approved organisations and Waka Kotahi (state highways) to complete this and keep it current.
A strong linkage to activity management planning documents should provide insight into the quality and value of the proposed programmes.
Requirements
The fundamental requirement of a fully completed low cost, low risk improvements programme are:
A value for money scan of the proposed activities in the programmes will challenge, and remove from the programme any that are judged to be of low value based on supporting information such as that contained in the supplied template and any other information necessary to demonstrate value for money.
Generic rating
Provided Waka Kotahi is satisfied the proposal targets a medium or high rating and the activities in the list represent reasonable value for money, a generic rating of medium will apply to low cost, low risk improvement programmes.
For further information on cost–benefit appraisal see Developing an assessment profile.
Programme prioritisation
Waka Kotahi will prioritise low cost, low risk programmes (based on the results alignment and cost–benefit appraisal ratings of the programme) against other improvement activities in the local road improvements, state highway improvements, regional improvements and public transport improvement activity classes.
If funding availability is an issue across or in any of the above mentioned activity classes, the scale of the low cost low risk programme may be adjusted based on its priority within the activity class. The allocation will also consider the quality of supporting business cases including activity management planning documents.
Activity prioritisation
Activities detailed on the low cost, low risk improvements template must be prioritised against each other as part of preparing and managing this information. The approved organisation and Waka Kotahi (state highways) determines which activities are included in the prioritisation framework and provides it to Waka Kotahi upon request.