Slide 4 -
Replacing and repairing infrastructure will cost about $9.4 billion, including $4 billion for subways, $3 billion for telephone, electric and other utility systems, and $2.4 billion in losses for the Port Authority, including the PATH train but excluding the Trade Center buildings.
The value of furniture and fixtures, employee property, computer systems,vehicles, inventory in stores, etc., is another $12 billion. For securities firms in the WTC complex, the technology losses alone are estimated to be $3.2 billion.
It is impossible to put a real value on a human life and the pain of losing a loved one. But for purposes of economic analysis, one way economists ascribe an economic value to human life us by calculating how much an individual would have earned over his or her expected working life.
On that basis, using the high average income for New Yorkers in general and financial workers in particular, the cost to the City economy of 5,600 deaths is about $11 billion.
Continuing Costs & Loss of Economic Activity in FY 02 -- $42 billion
The City is initially paying for clearing the area and the most visible portion of the cleanup, nearly half a million tons of steel, concrete and debris.