54 Exercise of functions for purpose of encouraging investment in the railways
Railways Act 1993 (1993 c 43) | Legislation

54  Exercise of functions for purpose of encouraging investment in the railways

(1)     The [Authority] or a Passenger Transport Authority or Passenger Transport Executive [Secretary of State[, the Welsh Ministers] or the Scottish Ministers]—

(a)     in exercising or deciding whether or not to exercise any of [his 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.

(2)

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