Mobilising Private Sector Capital for Road Safety

Mobilising Private Sector Capital for Road Safety

The IRF convened on 10th June an interactive workshop with road concessionaires and other key stakeholders on mobilising private sector capital for road safety. The workshop supports a World Bank Group initiative being implemented in partnership with the International Road Assessment Programme (iRAP) and the Federation Internationale de l’Automobile (FIA).

Road crashes are the biggest killer of young people worldwide. More than 100,000 people are killed and injured on the world’s roads each and every day. The proven, high-return, and evidence-based infrastructure solutions to save lives exist.  There is currently a significant underfunding of infrastructure for road safety and a latent need to mobilize private financing. It is estimated that an additional US$260 billion of financing will be required to achieve the road safety related Sustainable Development Goals (SDGs) 3.6 and 11.2 in low and middle-income countries (LMICs) over the coming decade.  

Mobilizing financing for road safety interventions is very high in the agenda of the World Bank Group (WBG) and the United Nations and it is a fundamental part of the WBG sustainable transport strategy.  Increasing private investment in road safety, including through Social Impact Bonds, was highlighted as a high priority area during the 3rd Global Ministerial Conference on Road Safety that was held in Stockholm in February 2020.   

The workshop convened by IRF offered the possibility to exchange views and expertise while solutions are being sought to support impact investment and innovative finance initiatives for road safety. The Association of European Tollway Operators (ASECAP) and its USA equivalent, IBTTA shared also their views at the meeting. 

Please contact IRF at Info@irfnet.ch to learn more or to get involved. 

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Liesbeth CasierSenior Policy Advisor, International Institute for Sustainable Development (IISD)


Liesbeth Casier is a Senior Policy Advisor with IISD’s Economic Law and Policy Program. She works with the Public Procurement and Infrastructure Finance team on research and advisory services that involve innovation in public procurement. She also works on IISD’s Sustainable Asset Valuation. Liesbeth has advised governments in Bhutan, Canada, Colombia, the Dominican Republic, India, Morocco, Paraguay, Senegal, South Africa and the Netherlands.
 
Liesbeth also works extensively with the European Commission, the Inter-American Development Bank, the World Bank and the Organisation for Economic Co-operation and Development (OECD) on policy frameworks and the business case for sustainable infrastructure. She represents IISD at the OECD Working Group on Leading Practitioners on Public Procurement.
  
Liesbeth previously worked with UN Environment and started her career as consultant in auditing and corporate finance with a family-owned consultancy business in Belgium. Liesbeth has an academic background in political science and law.