This study focused on the public transport risk assessment in District 1 of Tehran through Fault Tree Analysis (FTA) involving the three criteria of human, vehicle and road in Haddon matrix. In fact, it examined the factors contributing to the occurrence of road accidents at several urban black spots within District 1. Relying on road safety checklists and survey of experts, this study made an effort to help urban managers to assess the risks in the public transport and prevent road accidents. Finally, the risk identification and assessment of public transport in District 1 yielded several results to answer the research questions. The hypotheses analysis suggested that safety issues involved in public transport are concerned by urban managers. The key reactive measures are investigation of accidents, identification of causes and correction of black spots. In addition to high costs, however, the reactive measures give rise to multiple operational problems such as traffic navigation and guaranteeing user safety in every operation. The case study highlighted the same fact. The macro-level management in the metropolis of Tehran is critical. The urban road casualties and losses can be curtailed by preventive measures such as continuous assessment of road safety.