Meaning of the word modernization in English

What does modernization mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

modernization

US /ˌmɑː.dɚ.nəˈzeɪ.ʃən/
UK /ˌmɒd.ən.aɪˈzeɪ.ʃən/

Noun

the act of making something more modern:

Example:
The modernization of the 100-year-old sewage and water systems will cost millions of dollars.