Conditions of funding
Typically, the Transport Agency will approve funding for a public transport continuous programme for all three years in an NLTP, as part of the NLTP adoption. However, the Transport Agency may decide to impose terms and conditions on funding for all or part of the approved public transport continuous programme, due to:
- insufficient information submitted or attached in TIO to provide the Transport Agency with the confidence to approve funding in full, a key determinant of this is likely to be the assessment of the business case and the rating assigned by the Transport Agency as captured in TIO
- a lack of confidence in the forecasts provided in support of the application for funding, and/or
- network performance indicators providing evidence of low returns on investment with insufficient or unreliable evidence that returns will improve.
The terms and conditions may apply across all three years of an NLTP or to particular years, e.g. the Transport Agency may approve funding the first year of a public transport continuous programme in the newly adopted NLTP but set conditions that have to be met before funding to be released for any subsequent year.