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(1)The [F1Secretary of State [F2, the Welsh Ministers] or the Scottish Ministers]—
(a)in exercising or deciding whether or not to exercise any of [F3his or] their franchising functions, may take into account the desirability of encouraging railway investment; and
(b)may exercise any such functions for the purpose of encouraging railway investment or for purposes which include that purpose.
[F4(2)The Secretary of State [F5, the Welsh Ministers] and the Scottish Ministers shall each have power to enter into agreements under which an undertaking is given by him or them—
(a)to exercise his or their franchising functions;
(b)to refrain from exercising them; or
(c)to exercise them in a particular manner.]
(3)In this section—
“franchising functions”, in relation to the [F6Secretary of State [F7, the Welsh Ministers] or the Scottish Ministers], means—
any [F8of the functions of the Secretary of State [F9or of the Welsh Ministers] or of the Scottish Ministers] under sections 17 to 19, 23, 24, 26 to [F1031] F11. . . above;
[F14 “franchising functions”, in relation to a Passenger Transport Authority or Passenger Transport Executive, means any functions conferred or imposed on the Authority or, as the case may be, the Executive under or by virtue of section 34 above;]
“railway investment” means investment in assets for use in the provision of railway services.
Textual Amendments
F1Words in s. 54(1) substituted (24.7.2005 for certain purposes and 21.11.2005 for certain further purposes and otherwise prosp.) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 6(1)(a); S.I 2005/1909, {art. 2}, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1
F2Words in s. 54(1) inserted (13.6.2018) by The Welsh Ministers (Transfer of Functions) (Railways) Order 2018 (S.I. 2018/631), art. 1(2)(b)(v), Sch. para. 12(2)
F3Words in s. 54(1)(a) inserted (24.7.2005 for certain purposes and 21.11.2005 for certain further purposes and otherwise prosp.) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 6(1)(b); S.I 2005/1909, {art. 2}, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1
F4S. 54(2) substituted (24.7.2005 for certain purposes and 21.11.2005 for certain further purposes and otherwise prosp.) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 6(2); S.I 2005/1909, {art. 2}, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1
F5Words in s. 54(2) inserted (13.6.2018) by The Welsh Ministers (Transfer of Functions) (Railways) Order 2018 (S.I. 2018/631), art. 1(2)(b)(v), Sch. para. 12(2)
F6Words in s. 54(1) substituted (24.7.2005 for certain purposes and 21.11.2005 for certain further purposes and otherwise prosp.) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 6(3)(a); S.I 2005/1909, {art. 2}, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1
F7Words in s. 54(3) inserted (13.6.2018) by The Welsh Ministers (Transfer of Functions) (Railways) Order 2018 (S.I. 2018/631), art. 1(2)(b)(v), Sch. para. 12(3)(a)
F8Words in s. 54(3)(a) substituted (24.7.2005 for certain purposes and 21.11.2005 for certain further purposes and otherwise prosp.) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 6(3)(b); S.I 2005/1909, {art. 2}, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1
F9Words in s. 54(3) inserted (13.6.2018) by The Welsh Ministers (Transfer of Functions) (Railways) Order 2018 (S.I. 2018/631), art. 1(2)(b)(v), Sch. para. 12(3)(b)
F10Word in s. 54(3)(a) substituted (24.7.2005 for certain purposes and 21.11.2005 for certain further purposes and otherwise prosp.) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 6(3)(c); S.I 2005/1909, {art. 2}, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1
F11S. 54(3): words in definition of
“franchising functions”
repealed (1.2.2001) by 2000 c. 38, s. 274, Sch. 31 Pt. IV; S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to savings and transitional provisions in Sch. 2 Pt. II)
F12Words in s. 54(3) inserted (13.6.2018) by The Welsh Ministers (Transfer of Functions) (Railways) Order 2018 (S.I. 2018/631), art. 1(2)(b)(v), Sch. para. 12(3)(c)
F13Words in s. 54(3)(b) substituted (24.7.2005 for certain purposes and 21.11.2005 for certain further purposes and otherwise prosp.) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 6(3)(d); S.I 2005/1909, {art. 2}, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1
F14S. 54(3): definition omitted (24.7.2005 for certain purposes and 21.11.2005 for certain further purposes and otherwise prosp.) by virtue of Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 6(3); S.I. 2005/1909 {art. 2}, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1and said definition repealed (24.7.2005 for E. W. and otherwise prosp.) by Railways Act 2005 (c. 14), ss. 59, 60, Sch. 13 Pt. 1 (with s. 14(4)(5) Sch. 11 para. 11(2)); S.I. 2005/1909, art. 2, Sch.
Commencement Information
I1S. 54 wholly in force at 1.4.1994; s. 54 not in force at Royal Assent see s. 154(2); s. 54(2)(3) in force for specified purposes at 21.3.1994 by S.I. 1994/571, art. 3; s. 54 in force at 1.4.1994 insofar as not already in force by S.I. 1994/571, art. 5
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