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VT = monetary value of travel time savings Value of time for a passenger of a train (an hour) VT_(P) = [VT of work passengers]*[Average percentage of work passengers per year] + [VT of non-work passengers]*[Average percentage of non-work passengers per year] VT_(P) is measured in EUR per passenger per hour ‘Work passenger’ means a passenger travelling in connection with their professional activities excluding commuting. Value of time for a freight train (an hour) VT_(F) = [VT of freight trains]*[(Tonne-km)/(Train-km)] VT_(F) is measured in EUR per freight tonne per hour Average tonnes of goods transported per train in 1 year = (Tonne-km)/(Train-km) CM = Cost of 1 minute of delay of a train Passenger train CM_(P) = K1*(VT_(P)/60)*[(Passenger-km)/(Train-km)] Average number of passengers per train in 1 year = (Passenger-km)/(Train-km) Freight train CM_(F) = K2* (VT_(F)/60) Factors K1 and K2 are between the value of time and the value of delay, as estimated by stated preference studies, to take into account that the time lost as a result of delays is perceived significantly more negatively than normal travel time. Cost of delays of an accident = CM_(P) *(Minutes of delay of passenger trains) + CM_(F) *(Minutes of delay of freight trains) Scope of the model Cost of delays is to be calculated for significant accidents, as follows: real delays on the railway lines where accidents occurred as measured at terminal station real delays or, if not possible, estimated delays on the other affected lines.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-28 · Text as adopted (Official Journal); later amendments are not incorporated in this text.