Publications
1-10 of 10
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Economics & Finance
Financing Road Safety: Catalyzing the Sustainable Finance Market to Bridge the Gap
February 2025
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Economics & Finance
Multilateral Development Banks Road Safety Financing in Low and Middle-Income Countries: 2018–2022
May 2023
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Road Infrastructure
Guide pour l’Intégration de la Sécurité dans la Conception des Routes (French)
July 2022
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Road Infrastructure
Practical Guide for Road Safety Auditors and Inspectors in Ukraine (Ukrainian)
July 2022
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The burden of road traffic injuries is a significant global challenge requiring urgent attention and investment. By integrating road safety investments with broader development goals and leveraging innovative financing solutions such as labeled sustainable bonds and loans, available financing for road safety projects can be dramatically increased.
The societal, economic, and human benefits of improving road safety are extensive, making it a critical priority for national agendas. Through strategic investments in road safety, economic burdens can be mitigated, long-term growth promoted, and a safer, more equitable world created for all.
The multilateral development banks -- together with the Global Road Safety Facility and with strong donor support -- can help countries catalyze the sustainable finance market to fund high-impact and results-oriented road safety projects.

The Multilateral Development Banks (MDBs) Road Safety Working Group, established in 2009, is comprised of ten member institutions that are uniquely positioned to support countries in reaching their considerable and challenging road safety financing needs.
In early 2023, the working group reviewed progress made by the MDBs in financing road safety activities in low and middle-income countries (LMICs), and found that MDBs collectively committed $3.6 billion toward road safety initiatives in developing countries during the period 2018-2022. Three standalone road safety projects—in Bangladesh (World Bank), India (Asian Development Bank and World Bank), and Romania (European Investment Bank)—totaled $912 million in MDBs financing, which is more than one-quarter of the amount committed during this timeframe.
The review is based on details of road and urban mobility project financing provided by seven of the working group's ten members.

Walking is a predominant mode of travel in Addis Ababa representing more than half of the daily trips. The mild climate in Addis Ababa is conducive for this healthy and green mode of transport. However, sidewalks are often narrow, uneven, obstructed, or non-existent, causing discomfort and road safety risks to the most vulnerable road users: pedestrians. Studies done by the WHO and the Government showed that AA has disproportionately high pedestrian fatalities.
The study on Addis Ababa Sidewalk Safety and Improvement takes the approach of integrating digital technology and Urban Inventory in sidewalk surveys, applies the Global Walkability Index in sidewalk assessments, and adapts the global best practice to the local context. The Addis Ababa Sidewalk Design and Maintenance Guidelines seek to promote the development of quality pedestrian infrastructure and environments, based on the condition’s assessment and global best practices. The design specifications and visual rendering provide recommendations for the policy makers to consider when developing the City’s design and maintenance standards for urban roads, sidewalks, public spaces, and transit-oriented development, some of which are being carried out as part of the technical assistance program of the World-Bank financed Transport Systems Improvement Project (TRANSIP).

Road traffic injuries (RTIs) are well known to cause enormous human suffering in terms of both morbidity and mortality, and on a global scale. The economic dimension of the disease burden is far less well understood; but it is important to assess the size of the economic burden so that it can be considered when calculating the cost-benefit ratio of policies to tackle this problem. Because it is, in principle, and to some degree, an avoidable one.
This report focuses primarily on assessing various dimensions of the economic consequences of RTIs, as applied specifically to four Central Asian countries (Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan) – a part of the world in which there is still a major need to reduce RTIs.
This study shows that on top of the harm RTIs inflict upon human health, they also impose a considerable financial burden on health care systems. In 2016, the total estimated health costs of RTIs in these four countries was approximately Int$95 million, ranging from Int$2.8million in Tajikistan to Int$49.3 million in Kazakhstan. In Kazakhstan, the overall health costs resulting from RTIs were similar to the cumulative expenditure for rehabilitative and palliative care within the state-guaranteed basic package. The heavy financial burden on health care systems to manage RTIs in these countries adds weight to the urgency to increase preventive efforts by road safety policymakers, and should motivate appropriate organization of the post-crash response by health care system decision makers. The cost estimates discussed in this report indicate the potential for significant economic cost savings if both deaths and injuries from road crashes could be substantially reduced in these countries.

The World Bank estimates a significant funding gap in road safety of 260 billion to achieve SDG 3.6 and 11.2 in the next ten years, and recognizes that this gap cannot be closed through public funding alone and thus mobilization of private capital is required. The impacts of road traffic crashes reach far into the economy and can cost L/MICs as much as 6% of their GDP. The costs of a road traffic crash do not end at the roadside; they create ripple effects throughout the wider economy. Loss of income, property damage, insurance premiums, loss of taxes, and burdens on the health sector are just some of the far-reaching costs associated with road traffic crashes. Road traffic crashes can cost countries as much as 6 percent of their GDP and trap families in poverty as they lose income generating potential and focus on providing lifetime care.
This report examines the potential for private capital mobilization to close this gap. The report investigates the market failure to appropriately account for the cost of road crashes, which prevents private capital from flowing to road safety investments. The growth of socially responsible investing and the sustainable finance market offers a new opportunity to address this market failure. The report proposes different business models and financing instruments to channel private investment into road safety projects. These investment structures consist of subnational, public-private partnerships (PPPs) and corporate investments that can leverage the growing sustainable finance market, including social and sustainability-linked financings (SLFs).
The report also develops indicators that can be used to tie the cost of financing to the attainment of road safety targets, incentivizing borrowers to commit to road safety as part of SLFs. The report examines the enabling environment for structuring investable road safety projects in a sample of countries, looking at the barriers and opportunities, and proposing risks and mitigation strategies, like blended finance mechanisms and stable revenue sources, for long-term sustainability of road safety investments.

After almost two decades of experience with Road Safety Audit (RSA) Worldwide, this procedure is now recognized as one of the most efficient engineering tools. RSA is a highly efficient and cost-effective engineering tool for improvement of safety on roads. It is much cheaper to identify road safety deficiencies in the process of design than later after construction is completed. RSAs are among the most cost-effective investments a Road Authority can undertake.
With its EU Directive No. 2008/96 and amendment 2019/1936 on road infrastructure safety management, the European Union (EU) made a clear decision that RSA will be mandatory for the Trans-European Road Network (TERN) and main roads. This Directive contains another tool called Road Safety Inspection (RSI) on safety deficiencies of existing roads. The RSI is very similar to the process of Road Safety Audit in the pre-opening phase of newly constructed roads. RSIs are essential for the redesign and upgrading of existing roads, and these are done in many countries to give the designers insights and direction for safety improvements. Given that, the purpose of this practical guide is to provide practical guidance to those doing RSAs and RSIs, the examples of typical design deficiencies shown should be useful to both road safety inspectors and road safety auditors.
This document draws on the more comprehensive guidelines and manuals on Safety engineering mentioned in the acknowledgements but deliberately focuses only on these issues of direct relevance to road safety auditors/inspectors and to the road safety reports that they must prepare, including of recommendations for improvements.
This is a special edition of the guide, adapted for Ukraine road safety conditions and legislation, funded by the World Bank‘s Global Road Safety Facility (GRSF) under the Bloomberg Philanthropies Initiative for Global Road Safety (BIGRS).

Ce guide se concentre sur les éléments des conceptions de routes et de bordures de route sûres pour les réseaux routiers qui peuvent offrir une mobilité sûre à tous les usagers de la route.
Une réduction substantielle des décès sur les routes ne sera réalisable que si des efforts concertés sont déployés, en suivant l'approche du « Système sûr » impliquant tous les éléments de la sécurité routière, de la gestion et de la prestation. Cela inclut tous les piliers du Système sûr — à commencer par la gestion de la sécurité routière, les routes et bordures de route sûres, la vitesse sûre, les véhicules sûrs, les usagers de la route sûrs et les soins post-accident. Ce guide se concentre sur les éléments des conceptions de routes et de bordures de route sûres pour les réseaux routiers qui peuvent offrir une mobilité sûre à tous les usagers de la route, ainsi que sur les changements complémentaires pour améliorer les vitesses, la sécurité des véhicules, les comportements des usagers de la route et les soins post-accident. Une conception équilibrée des routes doit prendre en compte ces éléments complémentaires du système pour maximiser les avantages en termes de sécurité. L'énergie portée par un objet en mouvement est proportionnelle au carré de sa vitesse. Une « bordure de route indulgente » bien conçue garantit que cette énergie est dispersée en cas de collision et, par conséquent, moins d'énergie est transférée aux occupants.
La conception des infrastructures routières joue un rôle vital dans les résultats en matière de sécurité routière. Des infrastructures sûres soutiennent les autres piliers de la sécurité routière en encourageant un comportement approprié des usagers de la route (comme une vitesse appropriée et une position correcte sur la voie) et en offrant un environnement routier indulgent en cas d'erreur. Une infrastructure routière mal conçue peut entraîner des comportements dangereux des usagers de la route. Une des principales réalisations de l'approche du Système sûr est que les conducteurs font des erreurs et continueront à en faire, même si nous pouvons réduire leur fréquence. Cette erreur des usagers de la route a longtemps été reconnue comme un contributeur significatif aux mauvais résultats en matière de sécurité routière. Cependant, les routes, pour une vitesse donnée, peuvent être conçues pour réduire la probabilité de collisions, et il existe des preuves très claires que la gravité des résultats lorsque des collisions se produisent est significativement influencée par la conception de la route. Même si une collision se produit encore, une infrastructure routière améliorée peut sauver de nombreuses vies et prévenir des blessures débilitantes.
L'approche du Système sûr souligne qu'une réponse partagée est nécessaire pour aborder la sécurité routière. Cela signifie que les usagers de la route continueront à assumer la responsabilité de leurs actions, par exemple en étant vigilants et en respectant les règles de la route. Cependant, il est également reconnu que les gestionnaires et les concepteurs de routes ont une responsabilité significative de fournir un système routier qui protège tous les usagers de la route. Cela peut être réalisé grâce à des conceptions appropriées des routes.

This guide focuses on elements of safe road and roadside designs for road networks that can provide safe mobility to all road users
A substantial reduction in road deaths will only be feasible if concerted efforts are made, following the “Safe System” approach involving all elements of road safety, management, and delivery. This includes all pillars of the Safe System—starting from road safety management, safe roads and roadsides, safe speed, safe vehicles, safe road users, and post-crash care. This guide focuses on elements of safe road and roadside designs for road networks that can provide safe mobility to all road users, as well as complementary changes to improve speeds, vehicle safety, road user behaviors, and post-crash care. A balanced road design must take into account these complementary system elements to maximize safety benefits. The energy carried by a moving object is proportional to the square of its speed. A well-designed “forgiving roadside” ensures that this energy is dispersed in a crash, and as a result, less energy is transferred to the occupants.
Road infrastructure design plays a vital role in road safety outcomes. Safe infrastructure supports other road safety pillars by encouraging appropriate road user behavior (such as appropriate speed and correct lane position) and by providing a forgiving road environment if things go wrong. Poorly designed road infrastructure can give rise to dangerous road user behavior. One of the key realizations of the Safe System approach is that drivers make mistakes and will continue to do so, even if we can reduce how often these occur. This road user error has long been recognized as a significant contributor to poor road safety outcomes. However, roads of any given speed can be designed to reduce the likelihood of crashes occurring, and there is very clear evidence that the severity of outcomes when crashes do occur is significantly influenced by the road design. Even if a crash still occurs, improved road infrastructure can save many lives and prevent debilitating injuries.
The Safe System approach highlights that a shared response is required to address road safety. This means that road users will continue to take responsibility for their actions, for instance by being alert and compliant with road rules. However, it is also recognized that road managers and designers have a significant responsibility to provide a road system that protects all road users. This can be achieved through appropriate designs of roads.

Після майже двох десятиліть досвіду проведення аудиту безпеки дорожнього руху (RSA) у всьому світі ця процедура визнана одним із найефективніших інженерних інструментів. RSA є високоефективним і економічно вигідним інженерним інструментом для підвищення безпеки на дорогах. Набагато дешевше виявити недоліки безпеки дорожнього руху в процесі проектування, ніж пізніше після завершення будівництва. RSA є одними з найбільш рентабельних інвестицій, які може здійснити дорожнє управління.
У своїй Директиві ЄС № 2008/96 і поправці 2019/1936 щодо управління безпекою дорожньої інфраструктури Європейський Союз (ЄС) прийняв чітке рішення про те, що RSA буде обов’язковим для Транс’європейської мережі доріг (TERN) і магістральних доріг. Ця Директива містить інший інструмент під назвою «Інспекція безпеки дорожнього руху» (RSI) щодо недоліків безпеки існуючих доріг. RSI дуже схожий на процес аудиту безпеки дорожнього руху на етапі перед відкриттям новозбудованих доріг. RSI мають важливе значення для редизайну та модернізації існуючих доріг, і вони проводяться в багатьох країнах, щоб дати проектувальникам зрозуміти та вказати напрямки для покращення безпеки. Враховуючи те, що метою цього практичного посібника є надання практичних вказівок тим, хто проводить RSA та RSI, наведені приклади типових недоліків конструкції мають бути корисними як інспекторам безпеки дорожнього руху, так і аудиторам безпеки дорожнього руху.
Цей документ спирається на більш вичерпні рекомендації та посібники з техніки безпеки, згадані у подяках, але навмисно зосереджується лише на тих питаннях, які мають безпосереднє відношення до аудиторів/інспекторів з безпеки дорожнього руху та до звітів з безпеки дорожнього руху, які вони повинні підготувати, включаючи рекомендації щодо покращення.
Це спеціальне видання посібника, адаптованого до умов безпеки дорожнього руху та законодавства в Україні, фінансованого Глобальним фондом безпеки дорожнього руху (GRSF) Світового банку в рамках Ініціативи Bloomberg Philanthropies for Global Road Safety (BIGRS).

Este guia se concentra em elementos de projetos de estradas e acostamentos seguros para redes rodoviárias que podem fornecer mobilidade segura a todos os usuários das estradas
Uma redução substancial nas mortes nas estradas só será viável se esforços conjuntos forem feitos, seguindo a abordagem do "Sistema Seguro" envolvendo todos os elementos de segurança rodoviária, gerenciamento e entrega. Isso inclui todos os pilares do Sistema Seguro — começando pelo gerenciamento de segurança rodoviária, estradas e acostamentos seguros, velocidade segura, veículos seguros, usuários seguros das estradas e cuidados pós-acidente. Este guia se concentra em elementos de projetos de estradas e acostamentos seguros para redes rodoviárias que podem fornecer mobilidade segura a todos os usuários das estradas, bem como mudanças complementares para melhorar as velocidades, a segurança dos veículos, os comportamentos dos usuários das estradas e os cuidados pós-acidente. Um projeto rodoviário equilibrado deve levar em consideração esses elementos complementares do sistema para maximizar os benefícios de segurança. A energia transportada por um objeto em movimento é proporcional ao quadrado de sua velocidade. Um "acostamento tolerante" bem projetado garante que essa energia seja dispersada em um acidente e, como resultado, menos energia seja transferida para os ocupantes.
O projeto de infraestrutura rodoviária desempenha um papel vital nos resultados de segurança rodoviária. A infraestrutura segura dá suporte a outros pilares da segurança viária, incentivando o comportamento adequado do usuário da estrada (como velocidade adequada e posição correta na faixa) e fornecendo um ambiente de estrada tolerante se as coisas derem errado. Uma infraestrutura rodoviária mal projetada pode dar origem a um comportamento perigoso do usuário da estrada. Uma das principais conclusões da abordagem do Sistema Seguro é que os motoristas cometem erros e continuarão a fazê-lo, mesmo que possamos reduzir a frequência com que ocorrem. Esse erro do usuário da estrada é há muito reconhecido como um contribuinte significativo para resultados ruins de segurança viária. No entanto, estradas de qualquer velocidade podem ser projetadas para reduzir a probabilidade de ocorrência de acidentes, e há evidências muito claras de que a gravidade dos resultados quando os acidentes ocorrem é significativamente influenciada pelo projeto da estrada. Mesmo que um acidente ainda ocorra, uma infraestrutura rodoviária melhorada pode salvar muitas vidas e evitar ferimentos debilitantes.
A abordagem do Sistema Seguro destaca que uma resposta compartilhada é necessária para abordar a segurança viária. Isso significa que os usuários da estrada continuarão a assumir a responsabilidade por suas ações, por exemplo, estando alertas e em conformidade com as regras de trânsito. No entanto, também é reconhecido que os gerentes e projetistas de estradas têm uma responsabilidade significativa de fornecer um sistema viário que proteja todos os usuários da estrada. Isto pode ser alcançado por meio de projetos de estradas apropriados.