Types of funds within the NLTF
There are three types of NLTF funds:
- nationally distributed funds (N funds) - the main funding stream, for investment in national priorities guided by Land Transport Management Act 2003 (LTMA) objectives and the Government policy statement on land transport funding (GPS) (external link)
- regionally distributed funds (R funds) - funds allocated to regions based on population
- special funding for specific regions (C funds) - Crown investment in specific transport needs, in line with LTMA, regional and Crown objectives.
How we allocate the funds
We use a six-step process to allocate these funds from the NLTF to transport activities:
- Step 1 Formulation
The development of proposed activities.
- Step 2 Assessment
Proposal developers assess their proposals according to the assessment criteria to satisfy the requirements of the LTMA. We then review this assessment to determine an assessment profile.
- Step 3 Prioritisation
We use the profiles to help prioritise proposed activities and provisionally allocate funding to form the NLTP.
- Step 4 Programming
We then review the NLTP as a whole to balance the priority order of activities and readiness to proceed against expected revenue.
- Step 5 Approval of funding activities
We verify all the assessments made in step 2 to ensure the programme meets LTMA requirements and Investment and Revenue Strategy criteria before approval.
- Step 6 Monitoring and review
We monitor the implementation of activities and the programme.
Find out more about what's involved in the funding allocation steps.
Have your say on what gets funded
Find out how you can have input to proposed transport activities.
