{
  "url": "https://openlegislation.uk/railways-access-management-and-licensing-of-railway-undertakings-regulations-2016/schedule-3/paragraph-3",
  "json_url": "https://openlegislation.uk/railways-access-management-and-licensing-of-railway-undertakings-regulations-2016/schedule-3/paragraph-3.json",
  "legislation": "uksi/2016/645",
  "legislation_title": "The Railways (Access, Management and Licensing of Railway Undertakings) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/railways-access-management-and-licensing-of-railway-undertakings-regulations-2016",
  "path": "schedule/3/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) Subject to sub-paragraph (2), for specific investment projects completed—\n(a) since 1988; or\n(b) following the coming into force of these Regulations,\nthe infrastructure manager may set or continue to set higher charges on the basis of the long-term costs of the project.\n(2) For sub-paragraph (1) to apply—\n(a) the project must increase efficiency or cost-effectiveness; and\n(b) the project must be one that could not otherwise have been undertaken without the prospect of such higher charges.\n(3) A charging arrangement to which sub-paragraph (1) applies may incorporate agreements on the sharing of the risk associated with new investments.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2016/645/schedule/3/paragraph/3",
    "retrieved_at": "2026-10-28T23:22:48.521592+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}