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(1)The Corporation may enter into and carry into effect agreements or arrangements with the port authority, the rivers authority, the water company, the city council or the owners of, or other persons interested in, any land in or through which any of the works are or may be constructed, or the drainage of which may be affected by the construction of any of the works, for or with respect to 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.
(2)Any such agreement may provide for—
(a)the payment by the Corporation of, or the making of contributions by the Corporation towards, the cost incurred, or to be incurred, by the port authority, the rivers authority, the water company, the City Council or any such owners or other persons in or in connection with the doing of any such thing; or
(b)the payment by the Corporation of compensation for any injury suffered by the port authority, the rivers authority, the water company, the City Council or any such owners or other persons by reason or in consequence of the execution by the Corporation of the works.
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