Definition: Tangible investment

Pipeline transport

The outlay (purchases and own account production) of oil pipeline transport enterprises on additions of new and used capital goods (commodities) to their stocks of fixed capital assets less their net sales of similar second-hand and scrapped goods.

Note: The contribution of all oil pipeline transport enterprises to the gross fixed capital formation of a country is equal to the total of their tangible investment less the balance between the purchase and sale of land.
Glossary For Transport Statistics, Eurostat, ECMT, UN/ECE, Third edition

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