Term:
Investment expenditure on infrastructure (of railways)
Definition:
Expenditure on new construction and extension of existing infrastructure, including reconstruction, renewal and major repairs of infrastructure.
Infrastructure includes land, permanent way constructions, buildings, bridges and tunnels, as well as immovable fixtures, fittings and installations connected with them (signalling, telecommunications, catenaries, electricity sub-stations, etc.) as opposed to rolling stock.
Domain:
Transport
Source:
OECD Glossary (Transport Statistics)