156General powers
(1)Transport for London may form, promote and assist, or join with any other person in forming, promoting and assisting, a company for the purpose of—
(a)carrying on any activities which Transport for London has power to carry on, or
(b)carrying on such activities together with activities which Transport for London does not have power to carry on.
(2)Transport for London may enter into and carry out agreements with any person for the carrying on by that person, whether as agent for Transport for London or otherwise, of any activities which Transport for London has power to carry on (and, in particular, with respect to the provision or financing of any public passenger transport services which Transport for London has power to provide).
(3)Transport for London may also enter into and carry out an agreement with any person for the carrying on by that person (“the contractor”) of any activities which Transport for London does not have power to carry on if the agreement includes provision for one or more of the following, namely—
(a)the carrying on by the contractor of such activities as are mentioned in subsection (2) above;
(b)the provision by the contractor to Transport for London of services ancillary to the provision of public passenger transport services; and
(c)the use by the contractor of land or other property owned by Transport for London, or transferred to the contractor by Transport for London, for the purposes of the agreement.
(4)Where an agreement has been entered into under subsection (2) or (3) above, the powers conferred on Transport for London by that subsection include power to enter into and carry out other agreements with other persons for the purpose of—
(a)fulfilling any condition which must be fulfilled before the agreement can have effect; or
(b)satisfying any requirement imposed by or under the agreement.
(5)Where—
(a)a company has been formed in the exercise of the powers conferred by subsection (1) above (whether by Transport for London alone or by Transport for London jointly with some other person); or
(b)Transport for London has entered into an agreement with any person in exercise of its powers under subsection (2) or (3) above;
Transport for London may enter into arrangements with that company or person for the transfer from Transport for London to that company or person, in such manner and on such terms (including payments by any of the parties to the arrangements to any of the other parties) as may be provided for by the arrangements, of any property, rights or liabilities of Transport for London relevant to the purpose for which the company was formed or (as the case may be) to the performance by that person of his obligatio s under the agreement.
(6)Without prejudice to section 173(1) or 176 below, Transport for London shall have power to enter into and carry out agreements with—
(a)any of its subsidiaries; or
(b)any person with whom it has entered into an agreement by virtue of subsection (2) or (3) above,
providing for Transport for London to give assistance to the other party to the agreement by making available to that party any services, amenities or facilities provided by, or any works or land or other property belonging to, Transport for London, on such terms (including the reciprocal provision by that other party of similar assistance for Transport for London) as may be agreed between them.
(7)The power of Transport for London under subsection (2) or (3) above to enter into an agreement as there mentioned is exercisable notwithstanding that the agreement involves the delegation of the functions of Transport for London under any enactment relating to any part of its undertaking.
(8)Schedule 11 to this Act shall have effect for conferring further powers on Transport for London for the purpose of the discharge by Transport for London of any of its functions and with respect to the other matters there mentioned.