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(1)Subject to section 41 (New navigation to be commercial waterway, etc.) of this Act, the Corporation may enter into and carry into effect agreements with other persons, on such terms and conditions as the Corporation think fit, with respect to—
(a)the construction, maintenance, use and operation of any of the works by any other person;
(b)the doing of anything which may be rendered necessary or convenient by reason or in consequence of the exercise of the powers of this Act; or
(c)the transfer or disposal to any other person of any of the works and any land held or used for or in connection therewith.
(2)Any agreement under subsection (1) above may provide for the exercise of the powers of the Corporation in respect of the works or any part thereof and for any incidental, subsidiary and consequential matters including the defraying of, or the making of contributions towards, the cost of the matters aforesaid by the Corporation or any other person.
(3)The exercise of the powers of any enactment by any person in pursuance of any agreement under subsection (1) above shall be subject to the same restrictions, liabilities and obligations as would apply under this Act or under any agreement or undertaking concerning the exercise of the powers of this Act if those powers were exercised by the Corporation.
(4)Any land transferred to a statutory undertaker pursuant to this section shall be deemed to be operational land of that undertaker for the purposes of the [1990 c. 8.] Town and Country Planning Act 1990.
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