Urgent.News

One page, thousands of outlets. See who else covered it.

Editions

World

Accidents causing RM30bil in socio-economic losses a year

The figure is based on the economic value of the risks associated with fatal crashes, including loss of productivity, treatment costs and the impact on families and society.

Accidents causing RM30bil in socio-economic losses a year

In Malaysia, road accidents resulted in the loss of 6,537 lives last year, averaging 18 deaths daily, according to Works Minister Alexander Nanta Linggi. The minister stated that these fatalities result in up to RM30 billion in socio-economic losses annually, encompassing productivity and income losses, treatment costs, and societal impacts.

However, Nanta emphasized that the value of lives lost cannot be measured in monetary terms. The meeting where these findings were presented was chaired by Deputy Prime Minister Ahmad Zahid Hamidi. Of particular concern, 80.6% of accidents were attributed to human errors. This highlights that road safety is a collective responsibility, requiring a multi-faceted approach involving education, enforcement, technology, and improved infrastructure.

Nanta's works ministry aims not just to repair roads after accidents but to construct and maintain safer roads to minimize risks and human error. The RM30 billion figure represents more than just an economic cost; it signifies the profound impact of road tragedies on families and society. Nanta stressed that every life saved is a victory, urging society not to consider 18 deaths per day as normal.

Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at freemalaysiatoday.com →

More in World

More from Monday 17 August →