Overview
We are making improvements to our investment decision making system. These changes are in response to a review that was carried out in 2015 by the Ministry of Transport, Treasury and the NZ Transport Agency.
This is not a complete overhaul of the investment decision making (IDM) system, but rather incremental improvements to the way we make investment decisions.
We want to simplify our stakeholders’ lives. One of the ways we are doing this is by redesigning the Investment Assessment Framework (IAF) in time for the 2018–21 NLTP.
The draft IAF provides more clarity and transparency around our investment criteria. It now better aligns to the business case approach.
The draft IAF has been developed in line with the draft Government Policy Statement on Land Transport (GPS) for 2018/19 to 2027/28. We expect the GPS and IAF to be finalised in the second half of 2017.
We continue to work with our investment partners to understand the challenges and opportunities that exist in the transport system and how we can work better together.
Current progress
On 13 March we released the ‘ Draft IAF for the 2018–21 NLTP’ and ‘ Applying the draft IAF to road maintenance’.
Thank you to those who have provided their feedback and suggested improvements.
We were really pleased with the amount of constructive feedback that came through. In total, we received 18 submissions that covered 8 regions and 54 local authorities.
We’re now in the process of reviewing the 203 individual pieces of feedback and will respond to you shortly. Your feedback will help improve the development of the 2018–21 NLTP.
Key dates
We have now extended the due date for submitting continuous programme ‘initial bids’ to 31 August 2017. By extending the submission date we hope to ease the pressures on our investment partners that are created by the financial year-end and the impact of roll-over activities. It also allows our investment partners the opportunity to refine their information and evidence. The following are key dates for your submissions:
- Initial bids submission – due before 31 August 2017
- Firm bids submission – due before 20 October 2017
- Final bids submission – due before 16 December 2017
Key documents
In the spirit of workingAs we continue to work together, we have continued towill develop our documents and communicate these changes. In line with this approach, on Friday 7 July the Transport Agency Board approved a revised draft Investment Assessment Framework, which includes the approval of the streamlined assessment approach to low cost/low risk activity below $1 million implementation cost. As always, the Investment Assessment Framework remains in draft until the GPS is finalised. We will continue to releasewe have released supporting information and amendhave also amended the set of frequently asked questions (FAQ) document to support practitioners through these changes..changes.
- Draft IAF for the 2018–21 NLTP
- Applying the draft IAF to road maintenance
- Applying the draft IAF to public transport
- Applying the draft IAF to improvements
- Applying the draft IAF to road safety promotion
- Supporting information and evidence for NLTP 2018–21
- RPTP guidelines update for public transport continuous programmes
- FAQs – IAF for the 2018–21 NLTP
Assessment of Business Case resources
The documents below are designed to help people involved in preparing proposals for investment to adhere to Business Case Approach principles, as well as to facilitate conversations between the NZ Transport Agency and its investment partners. If you would like to provide feedback on any of the resources, please e-mail us via the contact link at the foot of the page.
- Investment decision making – assessment of the business case
- Assessment of the business case for maintenance programme proposals
- Assessment of the business case for improvement proposals
- Assessment of the business case for public transport continuous programme proposals
Contact us
Your feedback is important to us. If you’d like to know more or have some feedback let us know.