24. The Agency may, in particular,
(1) operate a public rail transportation enterprise;
(2) enter into contracts with railway undertakings providing for the procurement of services relating to the operation of such an undertaking that is within the legislative authority of the Parliament of Canada or, with the authorization of the Minister, present to the federal authorities an application for a certificate of fitness for the construction or operation of a railway within the meaning of the Canada Transportation Act (Statutes of Canada, 1996, chapter 10) and, where applicable, authorize the directors it designates to constitute a legal person for the construction and operation of a railway, with the proviso that the Agency be the sole shareholder, that the executives of the legal person be the same as those of the Agency, and that the activities of the railway undertaking be limited to operating suburban trains or a sightseeing service;
(3) with the approval of the Government, acquire or lease railway tracks and rights of way to establish its train system;
(4) subject to paragraph 3, acquire, lease or transfer property for the purpose of establishing, operating or developing its train system;
(5) enter into contracts with a public transit operating authority or a municipality providing for the procurement of specific public rail transportation services;
(6) promote public rail transportation;
(7) with the authorization of the Minister and on the conditions the Minister determines, operate, in its area of jurisdiction and to outside points, a railway sightseeing service and railway shuttle service;
(8) enter into contracts with a public transit operating authority, or a carrier, providing for the procurement of public bus transportation services in the case of an interruption of train service.
For the purposes of subparagraph 5 of the first paragraph, the word "municipality" includes any local municipality whose territory is situated outside the area of jurisdiction of the Agency and serviced pursuant to the order referred to in section 23.