ROAD SAFETY FINANCIAL MANAGEMENT AT INSTITUTIONAL LEVEL REPLACE THIS BOX WITH YOUR ORGANIZATION’S HIGH RESOLUTION LOGO Zarulazam Eusofe School of Civil Engineering University of Birmingham (1) Introduction (4) Analysis & Discussion Road safety is a major transport, health and social issue worldwide as an estimated 1.3 million road users are killed on the roads yearly. It is estimated that USD 518 billion of lost yearly has been recorded (WHO, 2009). Road traffic injury (RTI) become the ninth world leading cause of death in 2012 (refer Figure 1). Require immediate actions to be taken in areas of management, institutional reform & funding. The analysis revealed the efficiency and effectiveness of the road safety management system in Malaysia may be sustainably improved by addressing: the coordination of activities among key stakeholders under an improved approach of defining, agreeing & meeting objectives and using existing financial resources efficiently; the fragmentation of the decision making process of this de facto multi-disciplinary area, the road safety legislative framework, public awareness, local needs and institutional capacity; and the current dependence of funding mainly on government sources. Figure 1: The 10 leading cause of death in the world 2012 . (3) Methodology This research carried out using case study approach which selected Malaysia to analyse the current road safety institutional arrangements with emphasis on funding mechanisms using the World Bank’s road safety management framework as a guideline (refer Figure 2). Three data collection methods has been employed: (5) Conclusion This research demonstrates the need for a coordinated approach and both sufficient and sustainable funding that seeks to improve the currently little relationship between funding and returns, funding and road network needs and also funding and expenditure; The new approach should be based on appropriate financing mechanisms to ensure that road safety stakeholders use resources efficiently, offer road safety countermeasures which are affordable and generate sufficient revenues to operate and maintain a safe road network on a sustainable long-term basis; This leads to the suggestion that the concept of the second generation road funds may be suitable for such purposes as such funds have been used as a means to rationalise the relationship between cost and performance of both road organisations and road networks; and The suitability of the above concepts together with the challenges of their introduction are demonstrated by preliminary results produced from this qualitative study. (2) Aim & Objectives Research aim: to study and analyse the problem of current road safety institutional arrangement in terms of funding. Research objectives: Research outcome: A financing model to create a sufficient and sustainable road safety funding based on the second generation road funds which has been successfully used to create sufficient funding for road development and maintenance around the world. Figure 2: The World Bank’s Road Safety Management Framework. Contact: Key references: 1Zarulazam Eusofe (Doctoral Researcher) 2Dr. Harry Evdorides (Supervisor) School of Civil Engineering University of Birmingham 1zxe310@bham.ac.uk, 2h.evdorides@bham.ac.uk Aeron-Thomas A, Downing AJ, Jacobs GD, Fletcher JP, Deslby T and Silcock DT (2002). A review of road safety management and practice. Final report. Crowthorne, Transport Research Laboratory and Babtie Ross Silcock, 2002 (TRL Report PR/INT216/2002). Bliss, T., & Breen, J. (2009). Country guidelines for the conduct of road safety management capacity reviews and the specification of lead agency reforms, investment strategies and safe system projects. World Bank Global Road Safety Facility, Washington, D.C. Downing, A. (2004). Addressing the challenge of road safety. In Public health in the Middle East and North Africa, Meeting the challenges of the twenty-first century (pp. 97-113). Heggie, lan G. and Piers Vickers. (1998). Commercial Management and Financing of Roads. Technical paper 409, World Bank, Washington, D.C. Heggie, I. G. (1999). Commercially managed road funds: managing roads like a business, not like a bureaucracy. Transportation, 26(1), 87-111. Robinson, R. (2008). Restructuring road institutions, finance and management: volume 1: concepts and principles.