Although the GCR owns the track from Loughborough to Leicester North, the underlying land is owned by Charnwood Borough Council, on a 99-year lease signed in 1976. Bridges over or under Network Rail infrastructure must be owned by organisations which can provide suitable legal liability to any incidents which may occur as a result of operations, which means to meet this requirement the owning organisation needs to have a minimum Net present value of over £250M. As the GCR can not clearly meet this criteria, after contract negotiations, it was agreed that Charnwood Borough Council will retain ownership of the land up to the southern abutment of the new bridge, whilst Network Rail will become the owner of the new bridge. The GCR will resultantly negotiate an operational lease agreement with Network Rail, which will define operational requirements which the GCR must comply with over the bridge.