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Economic evaluation manual

Published: | Category: Benefits & economic evaluation , Manuals | Audience: Local & regional government

The Economic evaluation manual (EEM) is the industry's standard for the economic evaluation of land transport activities for New Zealand. The EEM applies to business cases that commence before 31 August 2020. The EEM is superseded by the Monetised benefits and costs manual for the economic evaluation of business cases that commence on or after 31 August 2020. Monetised benefits and costs manual

Land transport benefits framework and management approach: guidelines

Published: | Audience: Local & regional government

The Land transport benefits framework and management approach: guidelines provides guidance on how to apply the Benefits Framework (the list and description of the benefits) and Benefits Management Approach (how benefits are applied, monitored and reported). The guidelines clarify some key questions about benefits and how they are used in processes related to the National Land Transport Programme, the Business Case Approach, investment decision making and benefits realisation.  

Part one of these guidelines contains information on the benefits and measures in the Benefits Framework. Part two provides detailed descriptions and process maps of how to apply the benefits framework and how to monitor and report on benefits. The guidelines will be updated on a periodic basis. This publication supports the two manuals that provide specific guidance on measuring monetised benefits and measuring quantitative and qualitative (non-monetised) benefits: 

Monetised benefits and costs manual 
Non-monetised benefits manual.

Non-monetised benefits manual

Published: | Audience: Local & regional government

The Waka Kotahi NZ Transport Agency's Non-monetised benefits manual provides guidance and instruction on land transport non-monetised benefit measures, including definition of each measure and its data sources (where centralised data is available) and, where available, instructions on how to determine baselines and forecasts for the measure.  

The Non-monetised benefits manual contains details of those benefit measures for which Waka Kotahi holds centralised data. Details for the remaining measures will be provided in future updates. This manual should be read in conjunction with:

the Monetised benefits and costs manual, the industry’s standard for the economic evaluation (benefit-cost ratio calculation) of land transport activities in New Zealand
the Land transport benefits framework and management approach: guidelines, which provides guidance on how to apply the Benefits Framework (the list and description of the benefits) and Benefits Management Approach (how benefits are applied, monitored and reported).

Monetised benefits and costs manual

Published: | Audience: Local & regional government

The Waka Kotahi NZ Transport Agency's Monetised benefits and costs manual (MBCM) is the industry's standard for the economic evaluation of land transport activities in New Zealand. The MBCM sets out economic evaluation procedures and values used in calculating benefit–cost ratios, necessary for applications seeking investment where a cost–benefit appraisal is a mandatory Waka Kotahi requirement. The MBCM replaces the Economic evaluation manual from 31 August 2020 and applies to business cases that commence on or after 31 August 2020. The MBCM should be read in conjunction with the Non-monetised benefits manual, the industry's standard for the quantitative and qualitative benefits of New Zealand land transport activities. Land transport benefits framework and management approach: guidelines provides guidance on the application of the Benefits Framework (the list and description of the benefits) and Benefits Management Approach (how benefits are applied, monitored and reported).
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