Cross-Border Railways Act 2018 · 2020 Revised Edition · Part 4 · Railway Assets Operator
22. Contents of railway assets contract
Feedback & supportA railway assets contract for a cross‑border railway must relate to all railway assets in Singapore of that cross‑border railway.
railway assets contract
“railway assets contract” has the meaning given by section 22;
A railway assets contract relating to the railway assets of a cross‑border railway —
railway
“railway” means a network or system of fixed horizontal rails, tracks, grooves or other guide‑ways on, under or above the ground along which a train moves or runs, and includes —(a)all railway assets built, installed or used for the operation of the railway; and(b)all railway infrastructure constructed or intended to be constructed for any railway and any extension of the railway;
must specify the term of the contract;
must be subject to a condition precedent that requires the railway assets operator under the contract to obtain a railway assets operating licence before providing open network services involving those railway assets; and
must not provide for an option to renew the contract exercisable by the railway assets operator.
A railway assets contract may make provision in relation to the management of the railway assets and the provision of network services under the contract, and the administration of the contract, including —
management
“management”, in relation to any railway asset, means to acquire, design, construct, install, operate, maintain in proper condition and improve the railway asset;
the fees (if any) payable under the contract;
monetary or other penalties —
for a breach of the contract;
for a failure (being not a breach of contract) to meet a requirement specified in the contract; or
payable on the termination of the contract; and
the records (including accounts) to be made and kept, and how they are to be made and kept.
Subsection (3) does not limit the matters about which a railway assets contract may make provision.
A railway assets contract that is inconsistent with subsection (2) is void to the extent of that inconsistency.