Road Safety
Component Costs in Transport Projects to Ensure the Appropriate Valuing of Safety Effects
- Publication no: AP-T125-09
- ISBN: 978-1-921551-13-0
- Published: 28 January 2009
- PDF (free) Download
Austroads commissioned ARRB to consider the current costing procedures used in determining the relative cost share of safety in project evaluation. Australia currently uses a human capital approach to the valuation of crash costs, while many other developed countries have adopted a willingness to pay approach. Based on a review of literature, and a workshop with key stakeholders, both approaches are assessed and recommendations made about future crash costing in Australia.
- AP-T125/09 Component Costs in Transport Projects to Ensure the Appropriate Valuing of Safety Effects
- CONTENTS
- 1. INTRODUCTION
- 2. METHOD
- 2.1. Task 1 – Preparation of a Discussion Paper
- 2.2. Task 2 – Workshop
- 2.3. Task 3 – Preparation of Report and Recommendations
- 3. REVIEW OF CRASH COST ESTIMATION APPROACHES AND PROJECT EVALUATION
- 3.1. Introduction to Road User Effects and Project Evaluation in Australia
- 3.2. Introduction to the Valuation of Social Cost of Crashes
- 3.3. The Human Capital Approach
- 3.4. Willingness to Pay Approach
- 3.5. The Treatment of Social Cost of Crashes within the Project Evaluation Framework
- 3.6. RUE Evaluation Techniques and Project Evaluation
- 3.7. Summary of Issues
- 4. WORKSHOP RESULTS
- 4.1. Workshop Discussion
- 4.2. Overall Findings from Workshop
- 5. CONCLUSIONS AND RECOMMENDATIONS
- 5.1. Conclusions
- 5.2. Recommendations
- REFERENCES
- APPENDIX A LIST OF WORKSHOP ATTENDEES
- APPENDIX B WORKSHOP AGENDA
- APPENDIX C WORKSHOP BACKGROUND MATERIAL
- INFORMATION RETRIEVAL
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