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12.—(1) Section 54 (exercise of functions for purpose of encouraging investment in the railways)() is amended as follows.
(2) In subsections (1) and (2) after “the Secretary of State” insert “, the Welsh Ministers”.
(3) In subsection (3), in the definition of “franchising functions”—
(a)in the words before paragraph (a) after “the Secretary of State” insert “, the Welsh Ministers”;
(b)in paragraph (a) after “the Secretary of State” insert “or of the Welsh Ministers”;
(c)in paragraphs (b) and (c) after “the Secretary of State” insert “, the Welsh Ministers”.
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