(1)The Holding Company may acquire land, by agreement or compulsorily, to facilitate the construction of railways and the provision of railway services by the railway undertaking.
(2)Where the Holding Company, in exercise of the powers conferred by subsection (1), wishes to acquire land otherwise than by agreement, the Holding Company may apply to the Department for an order (in this section referred to as a “vesting order”) vesting the land in the Holding Company, and the Department may make a vesting order.
(3)Section 97 of, and Schedule 6 to, the Local Government Act (Northern Ireland) 1972 shall apply for the purposes of the acquisition of land by means of a vesting order made under this section in the same manner as it applies to the acquisition of land by means of a vesting order made under that Act subject to the following modifications—
(a)for section 97(1) and (2) of that Act there shall be substituted the following subsection—
“(1)A vesting order shall vest land to which it relates in the Holding Company in accordance with, and subject to, Schedule 6.”; and
(b)in Schedule 6 to that Act—
(i)any reference to a council or the council shall be construed as a reference to the Holding Company and any reference to the clerk of the council shall be construed as a reference to the secretary of the Holding Company;
(ii)any reference to that Act shall be construed as a reference to this Act;
(iii)any reference to the Department shall be construed as a reference to the Department within the meaning of this Act;
(iv)any reference to the Compensation Fund shall be construed as a reference to the revenues of the Holding Company;
(v)paragraph 20(2) shall be omitted.]