(redirected from Planned capital expenditure program) Also found in: Financial.
The monies that an enterprise allocates for the purchase of fixed and durable goods. In a hospital, the capital budget is used to purchase beds, buildings, equipment, and other items that are not part of its operating costs.
The more critical concern is whether a prolonged crude supply disruption will adversely impact the refinery's planned capital expenditure program (Clean Fuels Program) needed to comply with recently enacted low sulfur gasoline and diesel regulations.
Elbaum, Chairman and Chief Executive Officer of Superior, stated that the Center will be operational by March 31, 1997 and that $3 million in capital has been allocated to equipment and facility upgrades, in line with the Company's planned capital expenditure program.
The proceeds of the term loan facility will be used to refinance existing indebtedness and to finance the Company's planned capital expenditure program, principally, the previously announced Steckel Combination Mill, estimated to cost approximately $190 million.
The increased aggregate available credit together with Royal's cash flows are expected to support the planned capital expenditure program of $250-300 million per year for each of the next three years, including small and mid-sized acquisition, joint venture and start-up opportunities as they arise.