This page relates to the 2018-21 National Land Transport Programme.
This section provides an overview of the Waka Kotahi NZ Transport Agency investment and funding assistance policy.
The Waka Kotahi investment and funding assistance policy is driven by:
The government sets out its direction to the sector and Waka Kotahi over the next 10 years through its objectives, results and investment strategy set out in the GPS. Waka Kotahi must give effect to the GPS and does so by:
The government provides Crown funding to progress transport activities outside of the NLTF, as either the activities do not have sufficient priority to be delivered in the current NLTP or they deliver on government policy not covered by the LTMA. Waka Kotahi delivers the activities as directed by the government. Current Crown funds and loans are described at this link.
CloseWaka Kotahi uses investment principles to guide the development and update of investment policies, and to guide their interpretation.
For further details, refer to investment principles.
CloseWaka Kotahi planning and investment principles are a primary driver of its investment policy. In particular, the following aspects of the principles are seen as critical to its policy:
The Investment Assessment Framework is a key means by which Waka Kotahi gives effect to the GPS through its assessment and prioritisation of land transport investment proposals.
CloseWaka Kotahi assists the funding of activities it co-invests with approved organisations under its funding assistance policy.
CloseOther related Waka Kotahi policy and guidance includes:
The authority to approve funding to specified levels has been delegated by the Board to Waka Kotahi staff and approved organisations. The delegations policy also enables the management of cash-flows for maintenance, low cost low risk improvements and public transport services programmes within approved levels.
CloseWaka Kotahi employees and contractors with delegations need to consider the significance of every decision before the decision is made. The significance policy helps you assess if you need to elevate the decision to ensure it’s made at the appropriate level.
Sub-delegates should consider what the impact of a decision made under that function or power will be on:
The Significance policy and guidance(external link) page sets out Waka Kotahi policy in relation to a “significance” threshold with respect to the delegation of functions and powers. Note that this page is currently internal to Waka Kotahi, but may be moved in future. This policy is effective from 6 May 2016 and is due for review in 1 June 2018.
CloseWhen Waka Kotahi approves NLTF funding for activities, including approvals made under delegation it places certain obligations on those using the funds.
CloseWhile the foundation of the NLTP is funded on a 'pay-go' basis, ie investment is matched to the revenue available in a year, debt funding and public private partnership arrangements may be considered under Waka Kotahi policy to advance large strategic projects with the approval of the Ministers of Transport and Finance.
CloseIn certain circumstances Waka Kotahi may enter into FAR adjustment or front loading arrangement with approved organisations to vary the timing of NLTF and local share payments for an activity.
ClosePolicy and guidance on Waka Kotahi's professional services policy and administration policy are provided.
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