63BLease of railway land to Co‑operative Bulk Handling Ltd.

##### 63B. Lease of railway land to Co‑operative Bulk Handling Ltd. (1) The Authority may, with the approval of the Governor, let on lease any railway land, and any buildings, workshops or other structures on the land, to Co‑operative Bulk Handling Limited for purposes connected with its grain storage and handling business. (2) A lease may be granted under subsection (1) for a period not exceeding 99 years on such terms and conditions as the Authority thinks fit. (3) Without limiting subsection (2), a lease under subsection (1) may make provision for Co‑operative Bulk Handling Limited to have an option to purchase all or part of the land the subject of the lease. (4) Land may only be let on lease under subsection (1) if it is not required for railway purposes. [Section 63B inserted: No. 33 of 1998 s. 4; amended: No. 31 of 2003 s. 139(1).]