A MECHANISM FOR GENERATION OF ROAD SAFETY FUND, A CASE STUDY: KERALA STATE, INDIA

摘要

This study aims at developing mechanisms to generate fund for road safety improvement with a case study of Kerala state. As there is no mechanism available to assess the fund requirement for road safety improvement, a rationale was developed by studying the road safety Investment pattern of London. The relation between expenditure towards road safety and improvement in terms of reduction of road accidents over a period of time was considered. In fact, the data related to expenditure 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 requirement 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 (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 accident in future years.