We waste more than $40 million
every day on road crashes.
The total cost of road crashes
is estimated to be more than $15 billion every year. Each fatal
crash costs Australian society more than $1.7 million.
In total, the amount we spend
each year on road crashes is the same as our defence budget, 3 times the
higher education budget, and is equivalent to 3% of GDP.
We need to invest more in road
safety. Investment in road safety provides returns that cannot be
matched by any other investment in transport.
The Black Spot Program
A recent report by the Bureau of
Transport and Regional Economics says that the Federal Black Spot
program, which targets the most dangerous roads, delivers huge benefits.
For every $1 invested in the
Black Spot program, there is a $14 in lives saved, injuries avoided and
other related costs.

The Federal
Black Spot Program
(click image for more information) |