Average US$3.75mn ‘social cost’ of each New Zealand road death

The average social cost of each New Zealand road accident death is $3.75 million (NZD 4.54 million), according to an estimation by the New Zealand ministry of transport (MOT) The New Zealand MOT also estimates that the average cost of serious injuries due to road accidents is $392,989 (NZD 473,600) per person. The social costs include financial and non-financial costs of accidents such as property damage, medical and legal expenses as well as loss of quality of life. The number of road accidents in New Ze
January 16, 2014 Read time: 1 min
The average social cost of each New Zealand road accident death is US$3.75 million (NZD 4.54 million), according to an estimation by the New Zealand ministry of transport (MOT).

The New Zealand MOT also estimates that the average cost of serious injuries due to road accidents is $392,989 (NZD 473,600) per person. The social costs include financial and non-financial costs of accidents such as property damage, medical and legal expenses as well as loss of quality of life.

The number of road accidents in New Zealand has declined from 308 in 2012 to 254 in 2013. It is estimated that one person died every 28 hours in a New Zealand road accident in 2012, with total social costs of road accidents during that year reaching $3.18 billion (NZD 3.84 billion).
Highway & Network Management

Related Content

  • The IRF gives safety award to the Spanish Road Association and the Inter-American Development Bank
    January 21, 2013
    A joint international road safety award has been presented to the Spanish Road Association and the Inter-American Development Bank. The IRF International Award on Road Safety was given for the Road Safety Strategy in Latin America and Caribbean (Diagnosis, Toolkit and Pilot Tests) project, which developed by the Inter-American Development Bank (IDB) with the technical support of the Spanish Road Association (SRA). This forms part of the IRF Global Road Achievement Award (GRAA) 2012 and is one of the most im
    Read More
  • ARTBA sees growth for US transport construction
    December 5, 2017
    Steady growth in the US market for transport infrastructure construction in 2018. This prediction comes from a new report by the American Road & Transportation Builders Association (ARTBA). The report suggests that the US transportation infrastructure market will rebound slightly next year, following a 2.8% drop in 2017.
    Read More
  • Road safety concern for the UK
    July 24, 2020
    Road safety concern for the UK with an increase in fatalities.
    Read More
  • ASEAN Investors’ Brief: A Dynamic hub for Road Programs
    August 22, 2016
    If the countries of the Association of Southeast Asian Nations (ASEAN) formed a single economic entity, they would represent the 7th largest economy in the world, with an expectation to be the 4th largest by 2050 on current growth patterns. It is a region with much unrealised potential and favourable demographic trends. It also lies at the heart of several regional trade initiatives that will significantly boost infrastructure investments in the region, such as China’s 'One Belt, One Road' programme
    Read More

Highlighted Content