Road safety

Cover of Component Costs in Transport Projects to Ensure the Appropriate Valuing of Safety Effects
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
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