Article 10 Powers to transfer and lease rights of operation etc.
The undertaker may, with the consent in writing of the Secretary of State—
transfer to another person (“the transferee”) its right to construct, maintain, use or operate the authorised railway (or any part of it) and such related statutory rights as may be agreed between the undertaker and the transferee, or
grant to another person (“the lessee”) for a period agreed between the undertaker and the lessee the right to construct, maintain, use or operate the authorised railway (or any part of it) and such related statutory rights as may be so agreed.
The terms of any proposed transfer or grant under paragraph (1) above shall be subject to the approval of the Secretary of State and the owner for the time being of the land affected by this Order shall be notified of such proposed transfer or grant under article 10(1) and may make representations which the Secretary of State shall consider.
Where an agreeement is made by virtue of paragraph (1) above references in this Order to the undertaker shall include references to the transferee or the lessee.