Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact [email protected]

The euro cost of one road fatality

  • 01-03-2011 10:59pm
    #1
    Closed Accounts Posts: 6,093 ✭✭✭


    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?
    Tagged:


Comments

  • Registered Users Posts: 1,104 ✭✭✭nordydan


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

    It would be interesting to see the figures


  • Registered Users Posts: 7,784 ✭✭✭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.


  • Moderators, Business & Finance Moderators, Motoring & Transport Moderators, Society & Culture Moderators Posts: 66,457 Mod ✭✭✭✭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.


  • Registered Users Posts: 5,166 ✭✭✭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).


  • Registered Users Posts: 7,784 ✭✭✭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.


  • Advertisement
  • Banned (with Prison Access) Posts: 25,234 ✭✭✭✭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.


  • Banned (with Prison Access) Posts: 25,234 ✭✭✭✭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.


  • Registered Users Posts: 5,783 ✭✭✭Chris_5339762


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


Advertisement