Road accidents cause both tangible and intangible costs to the economy. Some of the tangible costs include such as:
Damage to the vehicle (replacement and repair costs);
administration costs;Medical treatment;reduction in output due to injury and death; and
Intangilble costs include pain,grief and suffering and the risk of being involved in an accident. In economical terms the cost of road accidents to the Zambian economy is estimated at about 3% of the GDP. The yearly costs of road accidents to the ecomomy is in billions of kwacha, and since all vehicles and medicines aree imported, this amount depletes the scarce foreign exchange available in the economy.
Road accidents cause direct impact on the social and physical enviromrnt. Whenever a person is involved in an accident, most likely the family will have to sustain the medical burden or, alternately, in the event of death, the whole family may become financially vulneral.
Under the circumustances, the family will be forced to look for an alternative income erner to alleviate poverty. This might end up exposing them to HIV/AIDS and children may become destitute.
It is for this reason that RTSA is commited to reducing road traffic accidents by certain measures such as introduction of speed limiters and highway Patrols.
Last Updated on Thursday, 07 June 2012 13:15