114.— (1) Notwithstanding any enactment, other rules of law or, where appropriate, provision contained in the memorandum and articles of association, CIÉ or a company formed under the Act of 1986—

(a) may be directed by, or

(b) shall require the consent of,

the Minister after consultation with the Minister for Finance, in respect of the sale, letting or otherwise disposal of any right or interest in land or any part of the land or property in its ownership in excess of an asset value specified in regulations.

(2) Regulations made under subsection (1) may specify different asset values for different classes of assets or for different purposes.