Investment
In the capital cities alone, over A$2 billion of expenditure was undertaken in 2007/2008 (US$1.74 billion using the January 2008 exchange rate of 1.15). This expenditure is unprecedented in the industry. Urban water utilities invested A$835 million in replacing old and under-performing assets and A$535 million in maintaining asset reliability.
Read more about this topic: Water Supply And Sanitation In Australia
Famous quotes containing the word investment:
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—For the State of Massachusetts, U.S. public relief program (1935-1943)
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—Mark Twain [Samuel Langhorne Clemens] (1835–1910)