Land Transport Management Act 2003
Last updated on
30/04/2013 1:59 p.m.
The Land Transport Management Act (LTMA) was enacted on 12 November 2003 and was significantly updated in 2008.
What is the Land Transport Management Act 2003?
The Land Transport Management Act 2003 sets out the planning and funding framework that channels around $3 billion of central government funding annually into roading, public transport and traffic safety. Specifically the legislation:
- establishes the hypothecated (dedicated) National Land Transport Fund that funds the New Zealand Transport Agency and local government to deliver land transport projects and services
- sets out the central and local government transport plans that must be followed in order to allocate funds from the National Land Transport Fund to projects and services
- establishes the New Zealand Transport Agency, which is responsible for allocating the National Land Transport Fund, co-funding local road and public transport activities, and managing the State highway network
- sets out approval regimes for tolling new roads and for concession agreements (public private partnerships involving leases of land)
sets out provisions enabling regional fuel taxes
Proposed amendments - 2012/13
Find out about the proposed changes that are in the Land Transport Management Amendment Bill