Singapore legislation

Section 13D

of Land Transport Authority of Singapore Act 1995

Section 13D

Purposes of Rail Infrastructure Fund

Amended by49/201849/2018

(1)

The moneys in the Rail Infrastructure Fund may be withdrawn by the Authority only for the following purposes:

(a)

for the Authority to carry on any construction, improvement or extension, or any demolition and replacement, of any railway (in whole or part), the operation of which is or is to be subject to the Rapid Transit Systems Act 1995;

(b)

for the acquisition by the Authority of capital machinery or equipment required for or in connection with the start of operations of —

(i)

a railway (or a part of a railway) the construction, or demolition and replacement, of which (as the case may be) was paid for with money from the Rail Infrastructure Fund; or

(ii)

an improved or extended railway (or an improved or extended part of a railway) the improvement or extension of which was paid for with money from the Rail Infrastructure Fund;

(c)

for the Authority to carry on any associated design, investigative and engineering studies, survey or research preparatory to the undertaking of any work or acquisition mentioned in paragraph (a) or (b);

(d)

to pay any of the following which is incurred or payable (as the case may be) for the purposes of the construction, improvement or extension, or the demolition and replacement (as the case may be) by the Authority of a railway, the operation of which is or is to be subject to the Rapid Transit Systems Act 1995:

(i)

the costs incurred by the Collector of Land Revenue in the acquisition under the Land Acquisition Act 1966 of any land;

(ii)

the compensation payable for the acquisition under the Land Acquisition Act 1966 of any land that is the subject of a notice under section 7 of the Rapid Transit Systems Act 1995;

(e)

to pay insurance premiums on capital equipment or other investments acquired, and land (including structures) acquired and constructed, using money from the Rail Infrastructure Fund;

(f)

to pay all amounts relating to the sale, disposal or write‑off of any investments paid for with money from the Rail Infrastructure Fund;

(g)

to invest in accordance with section 17;

(h)

to pay any expenses properly attributable to the setting up of the Rail Infrastructure Fund and the administration, management and investment of moneys in that Fund.

Amended by49/2018

(2)

However, no investment paid for with money from the Rail Infrastructure Fund may be written off by the Authority without the prior approval of the Minister.

Amended by49/2018
Section 13D — Land Transport Authority of Singapore Act 1995