# The Railways Infrastructure (Access and Management) Regulations 2005, Paragraph 3: Exceptions to the charging principles


(1) Subject to sub-paragraph (2), for specific investment projects completed—
(a) since 15th March 1988; or
(b) following the coming into force of these Regulations,
the infrastructure manager may set or continue to set higher charges on the basis of the long-term costs of the project.
(2) For sub-paragraph (1) to apply—
(a) the effect of the higher charges must be to increase the efficiency or cost-effectiveness of the project; and
(b) the project could not otherwise have been undertaken without the prospect of such higher charges.
(3) A charging arrangement to which sub-paragraph (1) applies may incorporate agreements on the sharing of the risk associated with new investments.

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Source: https://www.legislation.gov.uk/uksi/2005/3049/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/railways-infrastructure-access-and-management-regulations-2005/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.