Programme business cases will be assessed by Waka Kotahi to confirm they provide indicative ratings for Results Alignment and Cost-benefit Appraisal. The benefit-cost ratio (BCR), should be a range, reflecting the spread of potential benefits, costs and risks of the preferred programme(s) to achieve the benefits identified in the strategic case.
Waka Kotahi will support the programme business case if:
- the Results Alignment rating is confirmed at Medium or High, and
- the indicative Cost-benefit Appraisal rating is sufficient to justify ranking the programme above the activity class investment threshold.
In some situations Waka Kotahi will support the direction of a programme business case but may decide not to invest in subsequent business cases. This could happen where a proposed programme does not include sufficient transport benefits, and therefore is not eligible for NLTF funding, but it does provide targeted outcomes, e.g. in land use or economic development, that support the desired shape of the transport network.