CONTACT CENTRE WAIT TIMES: Our Contact Centre is currently experiencing significant wait times. View frequently asked questions

SCAM ALERTS: Report a phishing scam or learn about the latest phishing emails

ROAD USER CHARGES (RUC) DISCOUNT: Find out more about the temporary RUC reduction scheme

ONLINE SERVICES: We are currently experiencing issues with all our online services at the moment. We are working to resolve the services as soon as possible. We apologise for any inconvenience caused.

COVID-19 SERVICES UPDATE: Information on Waka Kotahi services, extensions and more

ONLINE SERVICES: We currently have an issue with receiving some payments and are working to resolve this issue as quickly as possible. We apologise for any inconvenience.

EASTER WEEKEND – PLAN AHEAD: Heading away for the long weekend? Check our holiday journeys tool(external link)

SCAM ALERTS: Refund email and Vehicle licence (rego) renewal phishing emails

CONTACT CENTRE WAIT TIMES: Our Contact Centre is currently experiencing significant wait times. View frequently asked questions

CONTACT CENTRE PHONE LINES: Our Contact Centre phone lines are currently unavailable. View frequently asked questions

Resources

Back to Resources

Monetised benefits and costs manual

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

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 has replaced 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 'Benefits management guidance' section of our website, which provides an introduction to the Land Transport Benefits Framework, how to use it in planning and business cases, and benefits management in the National Land Transport Programme
    Benefits management guidance
  • the Non-monetised benefits manual, the industry's standard for the quantitative and qualitative benefits of New Zealand land transport activities.
    Non-monetised benefits manual

For further guidance on how to apply the MBCM or to register for updates related to the MBCM contact MBCM@nzta.govt.nz

Publication details

  • Author:
  • Published: 13 August 2020
  • Version: 1.5
  • ISBN/ISSN: 978-1-98-856173-8 (online)
  • Contact: MBCM@nzta.govt.nz
  • Amendments: Manual updated 1 August 2021

Current releases

Date issued Title Current version
15 Dec 2021

Update factors (2021) [PDF, 147 KB]

General circular 21/05 [PDF, 167 KB]

 
1 Aug 2021 Monetised benefits and costs manual [PDF, 10 MB] 1.5
1 Aug 2021 General circular 21/04 [PDF, 97 KB]  
1 Aug 2021 Monetised benefits and costs manual - technical notes  
1 Jul 2018 Crash risk factors guidelines (compendium), amendment 1 [PDF, 1.1 MB]  

Evaluation procedures

Date issued Title Current version
21 Oct 2020 SP1 Road renewals [XLS, 238 KB] 9.1
16 Dec 2020 SP2 Bridge renewals [XLS, 482 KB] 9.2
21 Jan 2021 SP3 Road improvements [XLS, 521 KB] 9.3
21 Oct 2020 SP4 Seal extensions [XLS, 363 KB] 9.1
21 Oct 2020 SP5 Intersections [XLS, 378 KB] 9.1
21 Oct 2020 SP6 High productivity motor vehicles [XLS, 261 KB] 9.1
16 Dec 2020 SP8 Freight services [XLS, 341 KB] 9.2
16 Dec 2020 SP9 Public transport new services [XLS, 265 KB] 9.2
21 Oct 2020 SP10 Public transport existing services [XLS, 251 KB] 9.1
21 Oct 2020 SP11 Walking and cycling [XLS, 372 KB] 9.1
21 Oct 2020 SP12 Travel behaviour [XLS, 189 KB] 9.1
21 Oct 2020 SP13 Safety promotion [XLS, 212 KB] 9.1
19 Jul 2021 Transport modelling checks worksheet [XLSX, 387 KB]  
13 Jan 2022 Crash cost savings worksheet [XLSX, 363 KB]  
1 Aug 2021 Appraisal summary table  

Previous releases

Date issued Title Version
18 February 2021

Update factors (2020) [PDF, 151 KB]

General circular 21/01 [PDF, 121 KB]

 

For previous releases, see the superseded and archived Economic evaluation manual.