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Transport (Railway Infrastructure) Act, 2001

Establishment of Agency.

9.—(1) There shall stand established on the establishment day a body to be known as the Railway Procurement Agency, or in the Irish language, an Ghníomhaireacht um Fháil Iarnród, and in this Act referred to as the “Agency”, to perform the functions conferred on it by or under this Act.

(2) The Agency shall be a body corporate with perpetual succession and an official seal and power to sue and be sued in its corporate name and to acquire, hold and dispose of land or any other property or an interest in land or any other property (freehold or leasehold).

(3) Before acquiring or disposing of land or an interest therein the Agency shall obtain an independent valuation of the land or interest therein.

(4) The Agency shall, subject to the provisions of this Act, be independent in the exercise of its functions.

(5) The Agency shall have all such powers as are necessary for or incidental or ancillary to the performance of its functions under this Act.