Power to grant leases

(1) The Minister may, after consultation with the Authority, grant in writing a lease to any person, corporation or other body to operate and manage a leased port, or to provide any port or related services, subject to such terms, conditions and restrictions and on the payment of such rent as the Minister may consider appropriate. (2) A lease granted under this section shall be valid for such period not exceeding thirty years as may be specified therein. (3) Subject to subsections (1) and (2) of this section, the provisions of section 105 of this Act relating to the grant of licences for privatised ports shall apply mutatis mutandis to the grant of a lease under this section.