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.
In Malaysia, road accidents resulted in the loss of 6,537 lives in 2022, averaging 18 deaths per day, according to Works Minister Alexander Nanta Linggi. This figure translates to a socio-economic impact of up to RM30 billion annually, encompassing factors such as lost productivity, income, treatment expenses, and the emotional toll on families and society. Despite these comprehensive estimates, Nanta emphasized that the immeasurable value of lives lost cannot be quantified in monetary terms.
The meeting, chaired by Deputy Prime Minister Ahmad Zahid Hamidi, discussed the findings presented at a Cabinet committee. Nanta highlighted that 80.6% of accidents were attributed to human factors, underscoring that addressing road safety requires a collective effort from multiple ministries. The Works Ministry's stance is clear: it seeks to construct and maintain safer roads to minimize risks and reduce human error, rather than merely repairing damaged infrastructure post-accidents.
Nanta stressed that the RM30 billion figure is more than just an economic cost; it represents the profound impact of road tragedies on individuals and communities. He reiterated that the greatest loss is the loss of loved ones, and it is unacceptable to consider 18 deaths per day as normal. He concluded by asserting that every life saved is a victory for the people of Malaysia.
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.
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- Accidents causing RM30bil in socio-economic losses a year freemalaysiatoday.com