Capital Upgrade

A Capital Upgrade is any project (including a land purchase) that extends or upgrades and asset to cater for growth or additional service levels.

Capital Upgrades include:

  • Works that improve and asset beyond its original size or capacity
  • Upgrade works that increase the capacity of an asset
  • Works designed to produce an improvement in the standard and operation of the asset beyond its original capacity.

External Links & References

  1. Google Search
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