(1)The council of a London borough and the Common Council shall each have power to enter into and carry out agreements with—
(a)Transport for London,
(b)the [F1Secretary of State], or
(c)any person who is the holder of a passenger licence, a network licence or a station licence,
with respect to the provision or retention, and financing, of public passenger transport services and facilities which would not be available apart from any such agreement.
(2)Transport for London and the [F2Secretary of State] shall each have power to enter into and carry out agreements with the council of a London borough or the Common Council with respect to the matters specified in subsection (1) above.
(3)The terms of an agreement entered into under this section shall be such as may be agreed between the parties to the agreement.
(4)Expressions used in this section and in Part I of the M1Railways Act 1993 have the same meaning in this section as in that Part.
Textual Amendments
F1Words in s. 177(1)(b) substituted (24.7.2005) by Railways Act 2005 (c. 14), s. 60(2), Sch. 12 para. 14(3); S.I. 2005/1909, art. 2, Sch.
F2Words in s. 177(2) substituted (24.7.2005) by Railways Act 2005 (c. 14), s. 60(2), Sch. 12 para. 14(3); S.I. 2005/1909, art. 2, Sch.
Marginal Citations