A Mechanism for Generation of Road Safety Fund, A Case Study: Kerala State, India

This study aims at developing mechanisms to generate funds for road safety improvements with a case study of Kerala State. As there is no mechanism available to assess the funds requirements for road safety improvements, a rationale was developed by studying the road safety investment pattern of London. The relation between expenditure towards road safety and improvements in terms of reduction of road accidents over a period of time was considered. In fact, the data related to expenditures toward road safety was not available except the data related to London as mentioned above. On this basis of investment required towards minimization of road accidents, the fund requirements in the State of Kerala was worked out. Along with this, a number of sources are explored to develop mechanisms for fund generation, namely (i) A share from the premium amount collected by insurance companies; (ii) Increased one time cess collected during vehicle registration; and (iii) Special Tax for road safety on fuel, etc. Besides this, a Road Accident Prediction Model was also developed in order to estimate fund requirement towards improvement of road safety by clearly quantifying the exact quantum of reduction of road accidents in future years.

• Record URL:
  • https://proceedings-seoul2015.piarc.org/ressources/files/2/IP0080-Sarkar-E.pdf
• Availability:
  • Find a library where document is available. Order URL: https://www.piarc.org/en/order-library/25346-en-Proceedings%20of%20the%20XXVth%20World%20Road%20Congress%20-%20Seoul.htm
• Supplemental Notes:
  • Abstract reprinted with permission of the World Road Association – PIARC.
• Corporate Authors:

  World Road Association (PIARC)

  La Grande Arche, Paroi Nord, Niveau 5
  F-92055 La Defense Cedex,   France 
• Authors:
  • Sarkar, P K
  • Tharakan, A
• Conference:
  • 25th World Road Congress
  • Location: Seoul , Korea, South
  • Date: 2015-11-3 to 2015-11-7
• Publication Date: 2015

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: 16p
• Monograph Title: Proceedings of the 25th World Road Congress - Seoul 2015: Roads and Mobility - Creating New Value from Transport

Subject/Index Terms

• TRT Terms: Best practices; Financing; Highway safety; Traffic crashes
• Uncontrolled Terms: Crash prediction models
• Geographic Terms: Kerala (India); London (England)
• Subject Areas: Finance; Highways; Safety and Human Factors;

Filing Info

• Accession Number: 01676801
• Record Type: Publication
• ISBN: 9782840604235
• Report/Paper Numbers: 0080
• Files: TRIS
• Created Date: Jul 26 2018 2:42PM