Proposed UN Road Safety Fund on agenda at ITF
Plans to establish a new UN road safety fund to support delivery of the Sustainable Development Goal targets were debated at a session of the International Transport Forum 2017 summit in Leipzig.
Organised by the FIA High Level Panel for Road Safety, the meeting brought together officials from ITF, the UN Economic Commission for Europe and the World Bank. The High Level Panel, which is supported with a grant from the FIA Foundation, has been established to encourage new levels of funding and political support for global road traffic injury prevention.
Key topics discussed at the meeting included defining key financing objectives for a global fund for road safety, the effects of technological advancement on governance structures, and methods to involve the private sector and secure sustainable funding for road safety initiatives.
The High Level Panel is supporting a UNECE proposal to establish a dedicated UN Road Safety Fund with the goal to mobilise adequate resources to fund road safety projects at local, national and global levels. The UNECE has estimated that the additional grant funding for road safety needed to achieve the SDG road safety targets is $770 million annually over the next decade. The proposed UN Road Safety Fund would serve as a vehicle to leverage additional funding, and it is estimated that every $100 million contributed to the Fund could support the leveraging of $3.4 billion of country and city road safety investment; the saving of 64,000 lives; and prevention of 640,000 serious injuries. In 2015 the UN General Assembly gave the go-ahead for preparations for a UN Fund.
The High Level Panel recently concluded a road safety review in Myanmar, which set out a package of the kind of interventions a Fund could help to catalyse. The report (available here) identifies a number of urgent action points required to enhance the delivery of road safety in the country.