Land transport investment is driven by the Government Policy Statement on land transport (GPS) to deliver on strategic priorities and contribute to outcomes for our communities. Identifying the benefits of that investment is important to understand the contribution to outcomes for our communities. Benefits management is therefore vital to Waka Kotahi NZ Transport Agency's management and delivery of the National Land Transport Programme (NLTP).
Waka Kotahi has developed a benefits management approach to:
The benefits management approach will be applied to all NLTP processes and documents, including regional land transport plans, activity management plans and all improvement business cases, as well as to inform assessment, prioritisation and benefits realisation processes.
From August 2020, all new business cases will be required to use the benefits and measures listed in the benefits framework.
The benefits framework provides a consistent set of benefits and measures. The benefits management approach is the application of this consistent set of benefits and measures to all NLTP processes and documents.
The Land transport benefits framework and management approach: guidelines provides a full description of the benefits framework and how it is applied to NLTP processes and documents.
There will be ongoing updates of the benefits framework to address gaps in data measurement, as well as ongoing updates of the guidelines.
The Monetised benefits and costs manual (MBCM) is the Waka Kotahi guidance for assessing the monetised impacts of proposed investments in land transport. The primary purpose of this manual is to establish consistency, transparency and comparability between options/activities to aid the evaluation of their economic efficiency.
The MBCM is a replacement of the Economic evaluation manual (EEM). With the introduction of appraisal summary tables (AST) for capturing a wider range of benefits in social cost-benefit analysis, including non-monetisable and monetisable impacts, the MBCM has been refocused to cover only costs and monetised benefits.
The Non-monetised benefits manual (NMBM) provides measure descriptions and guidance for using each of the quantitative and qualitative measures in the benefits framework. Standard descriptions include mapping relationships between measures and descriptions of centralised data sources where available. Where appropriate, qualitative description has been brought into this manual from the former EEM, and methodologies for analysing and forecasting for qualitative measures are provided.
The first release of this document focuses on the full description of the quantitative measures with centralised data and qualitative measures in new areas in the benefits framework. Ongoing updates will be provided for this manual, expanding the number of fully described measures and improving guidance on developing baselines and forecasts.
The storymap tool that provides access to all currently available centralised benefits data has been converted to the new benefits framework. and is available here(external link).
The NMBM provides further details for each quantitative measure with partial or complete information in the storymap. Where possible, the storymap tool shows spatial benefits information and has data files available for download.
To request access to the centralised benefits storymap, please contact investment.benefits@nzta.govt.nz
