Financial cost
Definition
The (monetary) value of resources deployed for the implementation of any NWRM, which includes upfront capital expenditures, either from new investments or the replacement of assets in past investments; depreciation allowances (annualised cost or replacing the accounting value of existing assets in the future); operating expenditures (those incurred to keep the NWRM running in an efficient manner); maintenance expenditures (for preserving existing or new assets in good functioning order throughout their useful life); and decommissioning costs (those incurred at the end of the lifecycle of the NWRM).