A10.5 - Procedures for national strategic factors

Procedures

The analysis of national strategic factors involves, where practical, estimating monetary values for each national strategic factor and including these as benefits (or in unusual circumstances disbenefits) in the benefit cost ratio. The monetary values of national strategic factors are often estimates of society's willingness to pay for these factors (such as, certainty of access).

Given the uncertain nature of national strategic factors, it is likely there may be a number of different valuation procedures that are appropriate. It is recommended that advice be sought from Land Transport NZ before embarking on any significant exercise to value these factors.

Additional information on the strategic context of projects is provided in chapter 3. If information on strategic context for the project in question is not robust, do not include national strategic factors in the evaluation of the project.