§ 21 — Railway assets operator

21.—(1) The concessionaire under a concession agreement granted under Part 3 for a cross‑border railway, or the LTA if no concession agreement is granted, may, in accordance with the bilateral railway agreement for that cross‑border railway, authorise by a railway assets contract one person (called in this Act the railway assets operator) —(a)

to have the management of the railway assets of that cross‑border railway;

(b)

to provide network services involving the railway assets of that cross‑border railway; and

(c)

to perform such other functions specified in the bilateral railway agreement relating to that cross‑border railway in relation to those railway assets.

(2) The concessionaire or LTA (as the case may be) may grant to the railway assets operator a lease of any railway infrastructure or railway asset as it appears to the concessionaire or LTA (as the case may be) to be expedient to do so for the purpose of or in connection with the exercise by the railway assets operator of its functions under the railway assets contract and this Act.

—(1) The concessionaire under a concession agreement granted under Part 3 for a cross‑border railway, or the LTA if no concession agreement is granted, may, in accordance with the bilateral railway agreement for that cross‑border railway, authorise by a railway assets contract one person (called in this Act the railway assets operator) —(a)

to have the management of the railway assets of that cross‑border railway;

(b)

to provide network services involving the railway assets of that cross‑border railway; and

(c)

to perform such other functions specified in the bilateral railway agreement relating to that cross‑border railway in relation to those railway assets.

(2) The concessionaire or LTA (as the case may be) may grant to the railway assets operator a lease of any railway infrastructure or railway asset as it appears to the concessionaire or LTA (as the case may be) to be expedient to do so for the purpose of or in connection with the exercise by the railway assets operator of its functions under the railway assets contract and this Act.