Funding assistance rate
The usual funding assistance rate is:
- the Approved Organisation's normal FAR, or
- 100% of the Transport Agency costs
Where a cluster of Approved Organisations and/or the Transport Agency is formed to deliver road safety promotion programmes a weighted average funding assistance rate will be calculated and manually entered into Transport Investment Online. Weighting of individual normal FARs and the Transport Agency's 100% rate will be on the basis of their proposed financial contributions to the programme over the NLTP.
Non-financial contributions will not be considered part of the total project cost, and will not be eligible for financial assistance.
Approved Organisations and the Transport Agency are able to accept financial contributions from other parties as a contribution to total cost. If the financial contribution to the activity changes the scope of that activity, the contribution will be treated as third party funding and is to be deducted from the total cost before calculation of the Transport Agency’s funding assistance (i.e. that part is not eligible for funding assistance).