Capital expenditure Capital expenditure (capex) refers to the capital costs and expenditure incurred in the provision of pipeline services. This investment mostly relates to assets with long lives and these costs are recovered over several regulatory periods. This attachment outlines our assessment of Multinet's proposed conforming capital expenditure (capex) for 2013–17, which forms part of its opening capital base. It also outlines our assessment of forecast capex for the 2018–22 access arrangement period, which forms part of its projected capital base. Draft decision Conforming capital expenditure for 2013–17 We approve $258.3 million ($2017) of total net capex for Multinet during the 2013–16 period as conforming capex under the NGR. Multinet's actual 2012 capex was included in its 2013 approved opening capital base and therefore does not require assessment. Table 6.1 shows our approved capex for 2013–16 by category.
Capital expenditure Capital expenditure (capex) refers to the capital costs and expenditure incurred in the provision of pipeline services. This investment mostly relates to assets with long lives and these costs are recovered over several regulatory periods. This attachment outlines our assessment of Multinet's proposed conforming capital expenditure (capex) for 2013–17, which forms part of its opening capital base. It also outlines our assessment of forecast capex for the 2018–22 access arrangement period, which forms part of its projected capital base. Draft decision Conforming capital expenditure for 2013–17 We approve $258.3 million ($2017) of total net capex for Multinet during the 2013–16 period as conforming capex under the NGR. Multinet's actual 2012 capex was included in its 2013 approved opening capital base and therefore does not require assessment. Table 6.1 shows our approved capex for 2013–16 by category.