Paragraph 15 I1
England, Wales and Scotland
If the cost of maintaining, working or renewing railway property is reduced in consequence of any such alterations or additions, a capitalised sum representing such saving shall be set off against any sum payable by the Company to Railtrack under this Schedule.
Annotations
Commencement
- I1
Sch. 11 para. 15 in force at 9.11.2001, see art. 1
Notes on Schedule 11
Modifications
- C1
Sch. 11 modified (31.12.2020) by The Railway (Licensing of Railway Undertakings) (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/700), regs. 1(2), 41; 2020 c. 1, Sch. 5 para. 1(1)