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Capital Project

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PPGPortal > Home > Concept Dictionary > B, C > Capital Project
 

Capital Project 

A project specifically intended to acquire or improve a capital asset.

(Treasury Board of Canada Secretariat. "RPP/DPR Lexicon." Estimates <http://www.tbs-sct.gc.ca/est-pre>.)

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A capital project is defined as a project specifically intended to acquire or improve a capital asset. Acquisition of a capital asset means obtaining the use of the asset over the long term, whether by construction, purchase, purchase, or lease. Projects which improve a capital asset are considered to be "capital projects" when the performance, value or capability of the asset is significantly increased or its useful or economic life is extended by more than one year.

References

Treasury Board of Canada Secretariat. "RPP/DPR Lexicon." Estimates http://www.tbs-sct.gc.ca/est-pre

     

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