Is this Street Art?

I spotted this sign at a road junction about a mile or so from my house quite some time ago. It made me chuckle and I vowed to get an image of it at some point. Today was that day, so I parked at the local church and walked along the edge of the road to get this shot. It has not been edited other than to sharpen it a little.

I cannot understand what on earth is going on at that junction. There are no sidewalks on any of the roads leading to the lights and it is a fairly busy and dangerous corner. Quite why the local authority would think it sensible to put up a pedestrian controlled light and then a no pedestrian sign is anyone’s guess.

Having “visited” the place I can only assume it is some type of Street Art, perhaps making some deep statement which I am yet to discover…

~Richard