Programme and funding manual - Ch 6 Funding allocation process
Summary
This chapter sets out Land Transport NZ's funding allocation process. The process has been devised to take account of the New Zealand transport strategy (NZTS) and the requirements placed on approved organisations and Land Transport NZ under the LTMA.
6.1 Overview
Introduction
This chapter sets out Land Transport NZ’s funding allocation process. The process has been devised to take account of the New Zealand transport strategy (NZTS) and the requirements placed on approved organisations and Land Transport NZ under the LTMA.
The LTMA sets a challenging new framework for Land Transport NZ to follow in allocating funding. It reflects a new multi-modal approach, encourages long-term planning and allows funding flexibility to achieve an integrated, safe, responsive and sustainable land transport system.
Application
Land Transport NZ will use this funding allocation process to:
- make any amendments to the current year’s NLTP
- consider applications for approval of activities in the current year’s NLTP
- develop the forward year’s NLTP
