This page relates to the 2021-24 National Land Transport Programme.
Waka Kotahi NZ Transport Agency's policy on investment risk management.
Date of issue: April 2021 | Investment policies will be reviewed every three years or when a new Government Policy Statement on land transport is released.
To ensure that risks associated with transport investments are managed actively and appropriately.
We (Waka Kotahi NZ Transport Agency as investor) and all organisations allocated funding from the National Land Transport Fund (NLTF) are required to identify, assess and manage risk associated with investment, through the planning to delivery process. This includes appropriately managing risks arising from:
The processes and procedures that must be followed by organisations applying for funds from the NLTF to identify, assess and manage risk, include:
The Waka Kotahi Procurement manual requires that all risks should be appropriately apportioned to the party (contractors, approved organisations and Waka Kotahi, either as investor or for its own activities) best able to manage it.
Unless otherwise agreed at the time of funding approval, our acceptance of project risks will be in the same proportion as our contribution to total funding of the project from all funding sources.
You can read more about investment risk management policy in:
