In June 2018, the NZ Transport Agency Board agreed that a targeted enhanced funding assistance rate (TEFAR) would apply in the 2018–21 National Land Transport Programme (NLTP) for approved organisations’ new activities with high and very high results alignment, as assessed under the Transport Agency's Investment Assessment Framework (IAF). At that time, the Transport Agency indicated these activities would also be included in one of five national priority programmes, including safety.
Decision to limit the TEFAR to the Safe Network Programme
The 2018–21 NLTP funding constraints mean the application of a TEFAR to a range of national priority programmes is no longer possible.
Effective 17 May 2019, a TEFAR will only be applied to activities in the Safe Network Programme that have a high or very high results alignment. TEFAR applies to these safety activities, whether they are over $1 million or are included in a low cost, low risk programme for delivery in 2018–21.
If approved organisations have an existing funding approval for a TEFAR for a phase of work under the previous criteria, this will not change ie the change is only prospective.
Making these adjustments will allow more high priority activities to be funded and will target the GPS emphasis on safety. This will continue to encourage local government to invest in safety improvements to make local roads safer.