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ANNEX IU.K.COMMON SAFETY INDICATORS

AppendixCommon definitions for the CSIs and methods of calculating the economic impact of accidents

5. Common methodologies to calculate the economic impact of accidents U.K.

5.1.The Value of Preventing a Casualty (VPC) is composed of:U.K.
(1)

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.

(2)

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).

5.2.Common principles to appraise the value of safety per se and direct and/or indirect economic costs:U.K.

For the value of safety per se, the assessment of whether available estimates are appropriate or not shall be based on the following considerations:

Direct and indirect economic costs shall be appraised on the basis of the real costs borne by society.

5.3.DefinitionsU.K.
5.3.1.‘Cost of damage to environment’ means costs that are to be met by Railway Undertakings and Infrastructure Managers, appraised on the basis of their experience, in order to restore the damaged area to its state before the railway accident.U.K.
5.3.2.‘Cost of material damage to rolling stock or infrastructure’ means the cost of providing new rolling stock or infrastructure, with the same functionalities and technical parameters as that damaged beyond repair, and the cost of restoring repairable rolling stock or infrastructure to its state before the accident, to be estimated by Railway Undertakings and Infrastructure Managers on the basis of their experience, including also costs related to the leasing of rolling stock, as a consequence of non-availability due to damaged vehicles.U.K.
5.3.3.‘Cost of delays as a consequence of accidents’ means the monetary value of delays incurred by users of rail transport (passengers and freight customers) as a consequence of accidents, calculated by the following model:U.K.