6.
The franchises granted by sections 4(1) and 5(1)
shall be deemed to include all wayleaves and other rights
necessary to render such grant effective, but subject
thereto nothing in those sections shall be construed as
conferring on the Road Company or the Rail Company any
title, right or interest in the land on which the
construction works are, or are to be, constructed.
Assignment of rail franchise.
PART III
ASSIGNMENTS, MORTGAGES ETC.
7. (1) The New Hong Kong Tunnel Company Limited,
being then the Rail Company, may, at any time before the
rail operating date, assign to the Eastern Harbour Crossing
Company Limited the benefit of the franchise granted to it
under section 5(1):
Provided that no assignment under this section shall
affect the obligations of the New Hong Kong Tunnel Company
Limited under the project agreement or of the guarantors
under the guarantee agreement.
(2) The New Hong Kong Tunnel Company Limited shall
notify the Secretary of any assignment under this section
as soon as practicable after the execution thereof.