(1)All private rights of way over any land which may be purchased compulsorily under this Act shall be extinguished on the purchase of the land by the Company, whether compulsorily or by agreement, or on the entry on the land in pursuance of section 11 (1) of the Act of 1965, as applied by this Act, whichever is sooner.
(2)Any person who suffers loss by the extinguishment of any right under this section shall be entitled to be paid by the Company compensation to be determined in case of dispute by the tribunal.