keep The Heathrow Express Railway (Transfer) Order 1995
The Heathrow Express Railway (Transfer) Order 1995 is a facilitating instrument that enables Heathrow Airport Limited to transfer its railway undertaking, property, and functions to other parties via transfer agreements. It establishes reversion provisions ensuring functions revert to the Company upon agreement expiry, abandonment, or non-completion within 10 years. The Order requires notification to the Secretary of State of transfers and revestings, with a Level 3 fine for non-compliance. It also allows transferees to further transfer received powers and binds any transferee exercising compulsory acquisition or operational powers to the Consortium Agreement with fuel companies and airlines.
This Order is a facilitative commercial instrument, not a regulatory burden. It enables private parties to flexibly transfer and reorganize railway assets and operations, promoting efficiency and dynamic adjustment. The reversion provisions protect public interest by ensuring accountability. Deletion would hamper commercial flexibility in operating the Heathrow Express railway without providing any countervailing benefit, as this is not a restriction on competition but a framework enabling transfers that market participants voluntarily enter into.