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:
“There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact.”
—Mark Twain [Samuel Langhorne Clemens] (18351910)
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that citys whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)