Capital dredging definition
Examples of Capital dredging in a sentence
Capital dredging has an indefinite useful life and is not depreciated as the channel is maintained via maintenance dredging to its original depth and contours.
Moreover, it shall be the obligation of the Concessionaire to bear the cost, on pro-rata basis, of the Capital dredging for deepening of Navigational Channel up to 13 m Draft from Zero Panel to Oil Jetty Complex.
Capital dredging projects are primarily port expansion projects, which involve the deepening of channels to allow access by larger, deeper draft ships and the providing of land fill for building additional port facilities, thereby enhancing port profitability and competitiveness.