skip to main content skip to main menu
Scroll

News
~ Ngā pānui

news

Final decision released: Funding Assistance Rates Review

The New Zealand Transport Agency (NZTA) has completed its review of Funding Assistance Rates (FAR) and the Wairoa District Council is certainly pleased with the final outcome.

Wairoa District Council Engineering Manager, Jamie Cox, says that “the final decisions of the review have basically confirmed that overall funding for Wairoa is not going to be reduced and that they are actually going to increase our funding rate. This is fantastic news for Wairoa.”

“We were actively engaged in the review process, wrote a submission to the review panel and were part of a delegation of local authorities who presented to Transport Minister, Gerry Brownlee. “

“All our work has paid off and now we’re likely to see a seven percentage point increase in our rate over the next 10 years. We will be moving from a funding assistance rate of 68% to 75%. In real terms this means that 75% of our approved land transport programme is going to be covered by central government, and is great news for us”, says Mr Cox.

The funding assistance rates review began in late 2012 and was set up as a response to the local government sector being unhappy with the current system. It was also set up to determine the most appropriate method for setting funding assistance rates.

“There was a bit of uncertainty for us with this review taking place.”

“The Local Government Commission in its proposal for reorganising local government in Hawke’s Bay noted that we are more reliant on government grants and subsidies and that any changes to roading subsidy rates are likely to put further pressure on our district’.”

“This is not now going to be the case. Now that we have this certainty, that our funding assistance rate is actually going to increase, this gives us confidence in our ability to sustain our land transport infrastructure in the coming years”, Mr Cox says.

The Funding Assistance Rate determines the proportion of the approved costs for land transport activities being undertaken by a council. It is funded from the National Land Transport Fund (NLTF) and is administered by the New Zealand Transport Agency.

5 July 2016

Back to Media Releases

163 page views for the last 30 days

Share with a friend  

Disclaimers and Copyright
While every endeavour has been taken by the Wairoa District Council to ensure that the information on this website is accurate and up to date, Wairoa District Council shall not be liable for any loss suffered through the use, directly or indirectly, of information on this website. Information contained has been assembled in good faith. Some of the information available in this site is from the New Zealand Public domain and supplied by relevant government agencies. Wairoa District Council cannot accept any liability for its accuracy or content. Portions of the Wairoa District Council information and material on this site, including data, pages, documents, online graphics and images are protected by copyright, unless specifically notified to the contrary. Externally sourced information or material is copyright to the respective provider.

© Wairoa District Council - www.wairoadc.govt.nz / +64 6 838 7309 / Fax: +64 6 838 8874