Clear investment signals (post GPS and IRS release)

Meet to discuss alignment with investment priorities

Shortly after the 2015/16 – 2024/25 Government Policy Statement (GPS A Government Policy Statement on Land Transport Funding issued under section 86 of the LTMA ) on Land Transport Funding has been released to the public; the Transport Agency will release its Investment and Revenue Strategy (IRS).

The purpose of the IRS is to ensure that the Transport Agency gives effect to the GPS A Government Policy Statement on Land Transport Funding issued under section 86 of the LTMA and to the requirements of the Land Transport Management Act 2003 in its allocation of funds from the National land Transport Fund (NLTF The fund established under section 10 of the LTMA ). The IRS sets out the Transport Agency’s investment priorities and the Assessment Framework, which is used to assess and prioritise activities proposed for inclusion in the National Land Transport Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. (NLTP A National Land Transport Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. adopted by the NZTA under section 19 of the LTMA, as from time to time amended or varied ) and for subsequent funding decisions.

Transport Agency’s Planning and Investments Managers will ensure that Approved Organisations and Regional Transport Committees (RTCs) have access to the IRS and Assessment Framework and will discuss the alignment of regional investment proposals with the Transport Agency’s investment priorities.

To provide a common language for the discussion and development of Regional Land Transport Plans Plans describe the tactics to give effect to a strategy. They are specific in content, action oriented and outputs focussed, resulting in a tangible set of activities to be delivered within a clear timeframe. (RLTPs Regional land transport plans, prepared under Part 2 of the LTMA, as from time to time amended or varied. ), RTCs are encouraged to use the Transport Agency’s Assessment Framework in assessment and prioritisation of activities proposed for inclusion in their RLTPS and the NLTP A National Land Transport Programme Interrelated and complementary combination of activities that, when delivered in a coordinated manner, produce synergies – can span more than one work category and more than one activity class, e.g. a programme could include a road improvement and public transport improvement activities. adopted by the NZTA under section 19 of the LTMA, as from time to time amended or varied .

Guidance on national planning and investment signals

The Transport Agency will provide guidance to investment partners on national planning and investment signals following release of the IRS.