Railway Relocation and Crossing Act — R-4 1
1 For the purposes of this schedule, costs of new railway facilities means the costs, as determined by the Agency, of any new railway facilities required to be built or provided as a result of any orders made by the Agency under section 7 or 8 of this Act to carry into effect a transportation plan accepted by the Agency, excluding the costs of any land that has been or may be acquired as a site for the new facilities and excluding the costs of any grade separations required to be built or provided as a result of any such orders; ( frais afférents aux nouvelles installations ferroviaires ) current value of existing maintenance and operating costs of facilities means the current capitalized value of any railway maintenance or operating costs, as determined by the Agency, over a fifteen year period at an interest rate established pursuant to subsection 13(3) of this Act, of any railway company or companies that would follow from the use of the existing railway facilities, within the transportation study area to which a transportation plan accepted by the Agency relates, over that period if no orders had been made by the Agency under section 7 or 8 of this Act to carry that transportation plan into effect; ( valeur courante des frais d’entretien et d’exploitation des installations existantes ) current value of new maintenance and operating costs of facilities means the current capitalized value of any railway maintenance or operating costs, as determined by the Agency, over a fifteen year period at an interest rate established pursuant to subsection 13(3) of this Act, of any railway company or companies that would follow from (a) the use of existing railway facilities that would continue to be used, within the transportation study area to which a transportation plan accepted by the Agency relates, during any part of the fifteen year period, and (b) the use of new or improved railway facilities during that fifteen year period that would be required within that transportation study area as a result of any orders made by the Agency under section 7 or 8 of this Act to carry the transportation plan into effect; ( valeur courante des nouveaux frais d’entretien et d’exploitation des installations ) decrease in the value of relevant land means a decrease in the value of land owned by a railway company or companies that will result from the carrying out of any orders made by the Agency under section 7 or 8 of this Act to carry into effect a transportation plan accepted by the Agency, regardless of whether, as a consequence of any such orders, the land will pass out of railway ownership by virtue of any sale, donation or expropriation or will be acquired by a railway company or companies by virtue of any purchase, donation or expropriation; ( baisse de la valeur des terrains en cause ) increase in the value of relevant land means an increase in the value of land owned by a railway company or companies that will result from the carrying out of any orders made by the Agency under section 7 or 8 of this Act to carry into effect a transportation plan accepted by the Agency, regardless of whether, as a consequence of any of those orders, the land will pass out of railway ownership by virtue of any sale, donation or expropriation or will be acquired by a railway company or companies by virtue of any purchase, donation or expropriation. ( hausse de la valeur des terrains en cause )