The available estimate for the cost of replacement of all the
damaged capital is THB 1,490,458 million.However,the replacement value is not identical to the damage,given the age of the
capital and the reduced quality of infrastructure that was destroyed(relative to what will be reconstructed).As for the
Christchurch event,we assume that the damaged capital was one-third through its life-cycle.Per capita income in Thailad in 2011 was THB 158,317. Together with our assumption of a 75%discounting, the total number of lifeyears lost due to the direct damage to capital and assets is therefore 1,569,065 lifeyears