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

  • Multi-billion dollar Vietnam transport projects to be supported by ODA of Japan
    December 16, 2013
    A total of 29 transport projects costing a combined US$7.42 billion, including the Phan Thiet-Nha Trang road, will be carried out in Vietnam from 2013 until 2016, according to the country’s Ministry of Transport. Of the 29 projects, 18 projects worth $2.34 billion collectively were due to be commissioned by the end of 2013. The ministry has said that the projects are supported by the government of Japan through $6 billion of ODA funds, including around $774.59 million for 2013. The Quang Ngai-Danang and D
    Read More
  • UK achieves road safety success
    December 10, 2015
    The UK has the second safest road network in the world, beaten only by Sweden according to the latest traffic data analysis from the Department for Transport (DfT). Fatalities from road crashes account for 28.3 deaths/million of population in the UK, compared with 28 fatalities/million of population in Sweden according to the DfT data. It should be noted too that the UK has a larger population and a far higher population density, as well as 35.6 million registered vehicles (an increase of 41% since 1994) an
    Read More
  • Bolivian Government to invest US$129.3mn in Moxos-Trinidad road
    October 31, 2013
    A project to improve Bolivia’s existing 77.8km road between San Ignacio de Moxos and Trinidad will cost US$129.3 million, the government has announced. The project includes a 1.7km bridge over Mamore river. The first areas of work will involve the road between San Ignacio de Moxos and Puerto Ganadero. This section will cost US$84 million and will be improved by ABC. Euroestudios-CPS Belmonte has signed a US$2.2 million contract with ABC for studies on the future Mamore river bridge. The cost of the bridge h
    Read More
  • Liebherr bullish with strong financial results
    April 26, 2017
    The Liebherr Group reports strong financial results for 2016, with a turnover of €9.01 billion. The firm managed to achieve this performance in a difficult market environment, the third-highest turnover in the group's history. Compared to the record year of 2015, this represents a decrease of €228 million or 2.5% however. The firm says that there were marked differences in business performance in the individual sales regions. In Western Europe, Liebherr's most important sales region, turnover increased. Thi
    Read More

Highlighted Content