Methodology – normal FARs
Following engagement with approved organisations and interested transport sector groups, Waka Kotahi developed its methodology for determining normal FARs, which take into account factors materially affecting delivery and are robust, repeatable, stable and independent.
A year prior to the start of each NLTP, the inputs will be updated with the latest available information and the normal FAR for each approved organisation recalculated. The changes in FARs, if any, will reflect movements in centreline kilometres, capital values, rating units and the index of deprivation. The next review will occur a year prior to the start of the 2021-24 NLTP.