Definition: Investment expenditure on roads

Category: Transport

Expenditure on new construction and extension of existing roads, including reconstruction, renewal and major repairs.

This definition is identical in the third and fourth version of the Transport Glossary. Eurostat, ECMT, UN/ECE, "Glossary for Transport Statistics", 3rd Edition, Luxembourg 2003
International Transport Forum, Eurostat, United Nations Economic Commission for Europe (UNECE), "Illustrated Glossary for Transport Statistics", 4th Edition, Luxembourg 2009