General Research
RESEARCH
KOTI - Korea Transport institute
Effects and Improvements on Highway Safety Projects in Korea
- Date
November 30 2016
- Page(s)
page(s)
#traffic accidents
#transport safety
#economic analysis
#pedestrians
#economic impacts
#road transpor
This report suggests institutional improvement methods to evaluate cosmopolitical effects as methods of reducing traffic accidents of existing road transport safety projects in the Republic of Korea, analyze problems in conducting policies to reduce traffic accidents, and enhance positive effects of the given projects. To do this, the research focused on typical safety projects in road transport sectors concerning school zones, silver zones, improvement projects of traffic accident black spots, and diagnosis projects of road transport safety.
The Ministry of Strategy and Finances in the Republic of Korea categorized the road transport safety projects as the road transport safety project group from the national financial projects at the extensive evaluation and there are 11 projects for the facilitation improvement projects out of 17 the road transport safety project. Traffic accidents involving children in school zones were reduced 13.2% during the analysis period of 2012 to 2014 and an overall reduction of 4.6% with all users. The result of economic analysis from the three consecutive years was computed as 3.36 in benefit-cost analysis considering for all accidents in the school zones, and economic effects showed 5.31 and 9.38 respectively when the analysis period for traffic accidents involving all users was extended to five years and a decade, respectively. Traffic accidents in silver zones were reduced 42% after improvement projects were completed in those areas for all pedestrians.
Traffic accidents after conducting improvement projects in black spots showed 34.8% reductions in 2012, and results of the economic analysis in 2012 were calculated as 3.40 without Pain, Grief and Suffering (PGS) costs and 5.31 with PGS costs. In particular, economic impacts showed 9.27 from calculation of 3-year cumulative traffic accidents when PGS costs had been considered conducted by the Korea Transport Institute in 2012 compared to those conducted by the Korea Road Traffic Authority in 2013, 4.50.
Based on the results, legal and institutional improvement methods were stated, such as system wide construction of road transport sector safety projects, strengthening methods for maintenance and management, and construction of preventative methods.
The Ministry of Strategy and Finances in the Republic of Korea categorized the road transport safety projects as the road transport safety project group from the national financial projects at the extensive evaluation and there are 11 projects for the facilitation improvement projects out of 17 the road transport safety project. Traffic accidents involving children in school zones were reduced 13.2% during the analysis period of 2012 to 2014 and an overall reduction of 4.6% with all users. The result of economic analysis from the three consecutive years was computed as 3.36 in benefit-cost analysis considering for all accidents in the school zones, and economic effects showed 5.31 and 9.38 respectively when the analysis period for traffic accidents involving all users was extended to five years and a decade, respectively. Traffic accidents in silver zones were reduced 42% after improvement projects were completed in those areas for all pedestrians.
Traffic accidents after conducting improvement projects in black spots showed 34.8% reductions in 2012, and results of the economic analysis in 2012 were calculated as 3.40 without Pain, Grief and Suffering (PGS) costs and 5.31 with PGS costs. In particular, economic impacts showed 9.27 from calculation of 3-year cumulative traffic accidents when PGS costs had been considered conducted by the Korea Transport Institute in 2012 compared to those conducted by the Korea Road Traffic Authority in 2013, 4.50.
Based on the results, legal and institutional improvement methods were stated, such as system wide construction of road transport sector safety projects, strengthening methods for maintenance and management, and construction of preventative methods.