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PDF: 1050 KB - Bureau of Infrastructure, Transport and Regional ...

PDF: 1050 KB - Bureau of Infrastructure, Transport and Regional ...

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Chapter 4 Cost EstimatesThis chapter outlines the estimated social costs in terms <strong>of</strong> fatalities, nonfatalinjuries <strong>and</strong> common costs in 2003/04. These estimates are comparedto the 1996 estimates.FATALITY COSTSThe costs attributable to the 37 fatalities in 2003/04 total $80.2 million.The vast majority <strong>of</strong> this cost ($59.7 million, 74 per cent) comes from ourestimate <strong>of</strong> productive output loss—which totals lost contributions toworkplace, household <strong>and</strong> volunteer work.In BTE (1998), the fatality costs totalled $74.4 million in 1996 dollar values—$89.9 million in 2004 dollar values, CPI adjusted, <strong>of</strong> which 77 per cent wasattributable to productive output losses.17NON-FATAL COSTSThe total cost attributable to accidents <strong>and</strong> incidents without a fatality thatoccurred in 2003/04 is $33.7 million. $20.7 million <strong>of</strong> this (61 per cent)comes from <strong>Bureau</strong> estimates <strong>of</strong> costs for the loss or repair <strong>of</strong> aircraft, withthe majority ($16.1 million) attributable to incidents.In BTE (1998), the costs attributed to non-fatal accidents <strong>and</strong> incidentswas $37.2 million in 1996 dollar values ($45.0 million in 2004 dollar values,CPI adjusted). 45 per cent was attributable to repair/replacement costs <strong>of</strong>aircraft damage.COMMON COSTSThe refined allocation <strong>of</strong> aircraft damage costs (detailed in chapter 3)produces an industry wide estimate for cost <strong>of</strong> $23.4 million in 2003/2004dollar values. This compares to $20.9 million in 1996 dollar values in BTE(1998) ($25.2 million in 2004 dollars, CPI adjusted).

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