We've reviewed our investment priorities for the 2012-15 NLTP, which has resulted in adjustments to some funding assistance rates and a refresh of our Investment and Revenue Strategy.
We’ve also made other decisions that will help shape the land transport programme for each region and the NLTP. These include the three yearly review of base funding assistance rates and determination of indicative activity class funding ranges for the 2012-15 NLTP.
The changes we’ve made to our investment priorities for the 2012-15 NLTP respond to the Government's signals for land transport through its Government Policy Statement on Land Transport Funding 2012/13 – 2021/22 (GPS 2012). It wishes to see investment in land transport making a strong contribution to the economic growth and productivity and improving road safety, while representing value for money.
Our investment direction focuses around these four elements:
- The NZTA’s Investment and Revenue Strategy (IRS) (PDF, 247KB) – We’ve updated our IRS to ensure that it aligns with the GPS 2012, and to improve the value for money achieved from our investment decisions.
- Funding assistance rates (FAR) (PDF, 63KB) – We’ve changed four FARs relating to transport, public transport and community programmes. These changes will be reflected in the 2012–15 NLTP. This follows consultation earlier this year.
- Base FAR (PDF, 64KB) – The base FAR for territorial local authorities have been updated. This happens every three years to apply to the next NLTP.
- Indicative NLTP funding ranges (PDF, 108KB) – We’ve proposed indicative funding ranges for each activity class in the 2012-15 NLTP. The funding ranges are narrower than those outlined in the GPS and take into account the direction provided in the IRS, commitments already in place and likely requirements for funding projects and programmes in the coming NLTP.
Need more information? Our frequently asked questions (PDF, 481KB) might be helpful. However, if you need more information, please contact your regional NZTA representative.
