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The objective of the Road Safety Project for Argentina is to contribute to the reduction of road traffic injuries and fatalities in the Borrower's territory through the strengthening of the Borrower's institutional framework and management capacity for road safety and the reduction of road crashes in selected pilot corridors. There are three components to the project, the first component being institutional capacity building. This component will finance consultancy services, technical assistance (training), human resources, non- consultancy services and goods (hardware and software). The second component is the demonstration corridors and incentive fund program. This component will include two sub-components, (i) 'safe corridors' demonstration program (US$ 1.14 million), and (ii) incentive fund for the implementation of road safety policies and practices (US$ 10 million). The main aim of these two sub-components is to finance road safety initiatives that have a demonstrable effect on road safety improvements. Given that success begets success, this will then form a basis to catalyze, and encourage the national government and provincial governments to extend the tested approaches to other parts of the country's road network. Finally, the third component is the road safety monitoring and evaluation system within the national road safety observatory.
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