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Value of safety per se: Willingness to Pay (WTP) values based on stated preference studies carried out in the Member State for which they are applied.
Direct and indirect economic costs: cost values appraised in the Member State, composed of:
medical and rehabilitation cost,
legal court cost, cost for police, private crash investigations, the emergency service and administrative costs of insurance,
production losses: value to society of goods and services that could have been produced by the person if the accident had not occurred.
When calculating the costs of casualties, fatalities and serious injuries shall be considered separately (different VPC for fatality and serious injury).
For the value of safety per se, the assessment of whether available estimates are appropriate or not shall be based on the following considerations:
estimates shall relate to a system for valuation of mortality risk reduction in the transport sector and follow a WTP approach according to stated preference methods,
the respondent sample used for the values shall be representative of the population concerned. In particular, the sample has to reflect the age/income distribution along with other relevant socioeconomic and/or demographic characteristics of the population,
method for eliciting WTP values: survey design shall be such that questions are clear/meaningful to respondents.
Direct and indirect economic costs shall be appraised on the basis of the real costs borne by society.
VT = monetary value of travel time savings
Value of time for a passenger of a train (an hour)
VTP = [VT of work passengers]*[Average percentage of work passengers per year] + [VT of non-work passengers]*[Average percentage of non-work passengers per year]
VTP is measured in EUR per passenger per hour
‘Work passenger’ means a passenger travelling in connection with their professional activities excluding commuting.
Value of time for a freight train (an hour)
VTF = [VT of freight trains]*[(Tonne-km)/(Train-km)]
VTF is measured in EUR per freight tonne per hour
Average tonnes of goods transported per train in 1 year = (Tonne-km)/(Train-km)
CM = Cost of 1 minute of delay of a train
Passenger train
CMP = K1*(VTP/60)*[(Passenger-km)/(Train-km)]
Average number of passengers per train in 1 year = (Passenger-km)/(Train-km)
Freight train
CMF = K2* (VTF/60)
Factors K1 and K2 are between the value of time and the value of delay, as estimated by stated preference studies, to take into account that the time lost as a result of delays is perceived significantly more negatively than normal travel time.
Cost of delays of an accident = CMP *(Minutes of delay of passenger trains) + CMF *(Minutes of delay of freight trains)
Scope of the model
Cost of delays is to be calculated for significant accidents, as follows:
real delays on the railway lines where accidents occurred as measured at terminal station
real delays or, if not possible, estimated delays on the other affected lines.