Estimated cost of road accidents in Victoria 1966-67

After consideration of gross figures available, the estimate is made that the total cost to the community due to all road accidents in Victoria in the financial year 1966-67 was approximately $85.9M. Dividing this sum by 14,040 - the total number of casualty accidents (accidents resulting in a fatality or a personal injury) reported in Victoria in 1966-67 - gives a figure of $6,100. The paper shows how this last figure may be used to assist in assessing the profitability of an accident countermeasure. As an example, the value of street lighting is examined and the conclusion reached that the provision of good street lighting in urban areas can be justified economically wherever the 7 am to 7 pm traffic volume exceeds 3,000 vehicles (a).


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Filing Info

  • Accession Number: 01441795
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ATRI
  • Created Date: Aug 24 2012 11:51PM