On and from the declared date and notwithstanding any Act or law of the State
the Commission is authorised and empowered—
(a) to
administer, maintain and operate in the State the railways and services
acquired under the Agreement; and
(b) to
construct and extend railways in the State in accordance with the Agreement
and to administer, maintain and operate railways so constructed or extended
and services principally or mainly incidental or supplementary to, or
associated with, those railways.