The Transport Agency applies principles to its planning and investment decisions, which are the foundation for the Transport Agency, its partners and stakeholders to develop and implement transport solutions that give effect to the results sought under the Government Policy Statement on Land Transport (GPS).
The Transport Agency's investment and funding assistance policy guides the investment and allocation of funds from the National Land Transport Fund (NLTF) to give effect to the Government Policy Statement on Land Transport. It also covers the investment of funds from other sources, either to augment the NLTF or on behalf of the Government in respect of Crown funding.
The Transport Agency provides funding assistance to Approved Organisations to reflect the split of national and local benefits co-invested in local authority land transport activities. The rates of funding assistance vary amongst Approved Organisations and reflect the application of the Agency's funding assistance policy following the FAR Review in 2012-14.
The business case approach is a fundamental requirement for all investment proposals seeking funding from the National Land Transport Fund. It provides a best practice framework for identifying the core problem and developing the most appropriate solution, based on early collaboration between stakeholders and development on a robust, evidence based business case.
The Transport Agency's strategic direction for planning and investment is reviewed and updated as required, usually in response to government policy reviews and changes in government direction.
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