(1) Notwithstanding anything contained in this Act, the State Government may, in the public interest or in the interest of better tramway system grant lease or licence of the land acquired or otherwise being made available by the State Government to a tramway operator for the purposes setforth in the order or the agreement, as the case may be, including for a tramway system or any tramway system premises (including buildings and structures thereon and appertaining thereto) to carry out some of the functions of the tramway operator on such terms as the State Government may deem fit:
Provided that such lease or licence shall not affect the powers and functions of the State Government under this Act.
(2) No lease or licence of any land shall be made by a local authority in favour of a tramway operator appointed under an agreement pursuant to section 5, without the previous approval of the State Government.
Lease of land.
[Act No.38 of 2008] 15
10. The tramway system, together with any and all assets, liabilities, obligations, contracts and employees shall vest with the tramway operator in accordance with the order or the agreement, as the case may be, for the duration as setforth in such order or agreement. In the event of change of the tramway operator which has been approved by the State Government, the tramway system, together with any and all assets, liabilities, obligations, contracts, and employees shall vest with such tramway operator on such terms and for such duration as the State Government may prescribe by the order published in Official Gazette, or in the agreement entered into by the State Government, as the case may be, approving such change of the person acting as the tramway operator:
Provided that nothing contained in this section shall affect:
(i) any sub-contract entered into by the tramway operator pursuant to section 11 with any other person, or
(ii) the vesting of all or part of a tramway system vested in any person pursuant to an agreement entered into by the State Government under section 5 (1).