§ 18 — Concession agreement for railway infrastructure

18.—(1) The Minister may, on behalf of the Government, enter into one concession agreement relating to the construction, maintenance, operation and improvement of the railway infrastructure of a cross‑border railway.(2) A concession agreement in subsection (1) may authorise the concessionaire to exercise, in place of the LTA, all or any of the LTA’s powers and functions in Division 2 of Part 2.

(3) The Minister may cause the grant to the concessionaire of a concession agreement a lease of any land it appears to the Minister to be expedient to do so for the purpose of or in connection with the exercise by the concessionaire of its functions under that agreement and this Act.

—(1) The Minister may, on behalf of the Government, enter into one concession agreement relating to the construction, maintenance, operation and improvement of the railway infrastructure of a cross‑border railway.

(2) A concession agreement in subsection (1) may authorise the concessionaire to exercise, in place of the LTA, all or any of the LTA’s powers and functions in Division 2 of Part 2.

(3) The Minister may cause the grant to the concessionaire of a concession agreement a lease of any land it appears to the Minister to be expedient to do so for the purpose of or in connection with the exercise by the concessionaire of its functions under that agreement and this Act.