The European Investment Bank (EIB) has entered a partnership with three non-governmental organisations as part of a global drive to halve the 1.35 million annual global road deaths by 2030.

The EIB and the European Road Assessment Programme (EuroRAP), the International Road Assessment Programme (iRAP), and the Road Safety Foundation (RSF) have joined forces to specifically support investment in national and regional “safer road” projects and to develop the analysis and skill sets needed to make investment in safer road infrastructure successful.

A Memorandum of Understanding was signed at the 3rd Global meeting of Road Safety Ministers in Stockholm.

“We aim to finance road projects that will help to save lives and prevent serious injuries,” said EIB Group Vice-President Lilyana Pavlova.

“The reward both in humanitarian and in economic terms is huge. We, therefore, need to provide not only finance but also access to the required advice, training and skills to develop large scale safer road investment programmes. We all need to work closely together to improve safety on our roads.”

The Memorandum of Understanding is aligned with the new EU Strategic Plan for Road Safety, which aims to cut deaths in Europe by half by 2030 and introduces major changes to the way infrastructure safety is measured and managed.