First publishedin ITS International
Clearview Intelligence (CI) has launched two free to use return on investment (ROI) calculators to assist highway professionals in showing the benefit of improving road safety on their network. The tools are said to demonstrate how road safety schemes pay for themselves during their lifetime as well as quantifying the number of lives saved and injuries prevented.
Designed for both SolarLite Active Road Stud installations and for combination road safety solutions, the tools use the official costs of accidents from the Department for Transport (DfT) associated with the value of preventing road casualties which are then offset against the Clearview safety scheme.
It includes key cost factors such as the road type and killed or seriously injured reduction targets; the basic cost components of the scheme and a few details about the individual using the tool. In addition, the total ROI broken down into monetary savings and lives saved per annum is also considered.