The euro cost of one road fatality

Amtmann

Bit of a morbid subject. But, according to the N24 Prioritisation Study (June 2008) put the cost of 6 fatalities per year on the N24 at €13 million.

How is this possible?

nordydan

Price of investment in education?
Loss of future VAT/income tax etc?

It would be interesting to see the figures

munchkin_utd

it would be FANTASTIC to see the figures !!

Seriously.
Because the Irish health system is free, at least the critical care side of things, ambulance call out, orthapedic operations etc, every accident with resulting injuries on a road costs the TAXPAYER real physical cash through the medical system.
(as opposed to a system based on insurances, there the insurance company picks up the tab and how accident prone a road is doesnt cost the taxpayer a cent in medical costs).

Theres 15 billion spent on the HSE every year.
It would be very instructive to see how much of that is related to RTAs, and of that how many are related to substandard roads!

That said, a dead person is cheap on the medical system. Its the ones that survive and need constant care and or rehabilitation which are costly, on the taxpayer.

L1011

The special speed limit guidelines (Victor's linked them on C&T)

"3.12 The monetary cost of an accident can be estimated as follows:
Fatal: €2,280,000
Serious Injury €304,600
Minor Injury €30,000
Damage only €2,400
(Goodbody Casualty and Accident Values 2002)
"

The rest is calculcated loss of earnings / social welfare costs (if its the sole earner in a household killed) / etc; and inflation.

enda1

A source I have from 2007 in the US, puts the figures at $230.6B economic cost of road accidents, of which there are 43,443 deaths, 2,699,000 injuries, 4,304,000 cases of property damage. Can't see the cost per each incident though.

Still a startling figure which if simply reduced to Irish population size puts the economic cost at about €2B. Which is huge! (Though mass assumptions regarding the cost base, number of accidents, distribution etc. in the Ireland case).

munchkin_utd

MYOB wrote: »

The special speed limit guidelines (Victor's linked them on C&T)

"3.12 The monetary cost of an accident can be estimated as follows:
Fatal: €2,280,000
Serious Injury €304,600
Minor Injury €30,000
Damage only €2,400
(Goodbody Casualty and Accident Values 2002)
"

The rest is calculcated loss of earnings / social welfare costs (if its the sole earner in a household killed) / etc; and inflation.

the ins and outs of the calculations by goodbody is here
http://www.goodbody.ie/aboutgoodbody/reports/Cost%20Benefit%20Parameters.pdf

as a side issue from people dying all over the shop, the whole cost benefit analysis process is laid out there, including benefits to trade and whatnot from better infrastructure.

From a really brief glance its pretty interesting stuff.

Sponge Bob

There is a collection of data here.

http://www.rsa.ie/Documents/About%20Us/joc_2006.doc

Table 3: Percentage of Collisions by Road Type*

As can be seen from Table 3, National Roads while accounting for a mere 6% of our roads network account for 48% of all traffic volume and 40% of fatal crashes. Regional and Local Roads represent 94% of the network, account for 52% of traffic volumes and 60% of fatal collisions.

That was in 2005 , I suspect the ratio has changed since.

Sponge Bob

http://www.rsa.ie/Documents/About%20Us/Ministerial_Report_LORES.pdf

Cost Benefit Analysis
The estimated cost of all fatal and injury collisions reported to and recorded by, an Garda Síochána in 2008 was €1.24 billion.
Since records began in 1959, on average, 300 people per year were killed and more than 8000 were injured in road
collisions in the Republic of Ireland. As well as the human tragedy of so many deaths and injuries, road collisions have a
substantial economic cost, in the order of over €1billion every year.
In estimating cost benefits for 2007-2008 the RSA used the updating mechanism as set out in the Goodbody Economic
Consultant’s report. The 2002 cost values were inflated to 2007 values,T using the growth in Gross National Product (GNP)
per person employed.

The following table outlines the costs per collision and crash severity.

CRASH SEVERITY COST PER COLLISION (EURO 2007 PRICE)
Fatal 2,891,435
Serious 386,286
Minor 38,045
Material damage 3,04

GNP has dropped but so has employment meaning that GNP Per Person Employed has not. It would still be around €2.9m per fatality.

In 2008, the three counties with the most fatalities were Cork and Galway which recorded 24 fatalities, followed by
Dublin with 22 fatalities.

But Carlow only had one, and had no Motorway either ....at that time. Kerry Donegal and Limerick were next worst.

Chris_5339762

Several years ago air crash investigators reckoned it cost about $1million per death.