CAP: 393]

Tate's Cairn Tunnel

[1988 Ed.

CHAPTER 393

TATE'S CAIRN TUNNEL

To grant a franchise for the construction of a road tunnel through Tate's Cairn; for the payment of a royalty for such franchise; for the maintenance of the works to be constructed; for the payment of tolls to the franchise holder for the use by motor vehicles of the tunnel and the regulation of vehicular traffic in relation to such use; and for matters ancillary thereto and connected therewith.

A

Originally 50 of 1988 -----

PART I

PRELIMINARY

[1 July 1988]

Short title

1.

This Ordinance may be cited as the Tate's Cairn Tunnel Ordinance.

Interpretation

2. (1) In this Ordinance, unless the context otherwise requires- "Commissioner" means, subject to subsection (2), the Commissioner for Transport;

"Company" means-

(a) subject to paragraph (b), Tate's Cairn Tunnel Company Limited;

(b) in the event of the benefit of the franchise being assigned to, or vested in, a person other than Tate's Cairn Tunnel Company Limited under or in accordance with this Ordinance, such other person in place of that Company;

"construction works" means all works carried out or to be carried out under the project agreement and all works required to carry them out;

"Director" means, subject to subsection (2), the Director of Highways;

"discharge date" means the date when the guarantors cease to have any obligations under the guarantee agreement;

"franchise" means the franchise granted under section 4;

"further guarantee agreement" means the agreement designated as the further guarantee agreement for the purposes of this definition by the Secretary by notice in the Gazette and any subsequent agreement amending or supplementing that agreement;

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