Section 2
SECTION 2. In consideration of this franchise, the GRANTEE shall: (a) Pay the Government a scheduled annual concession fee as shall be determined by the Board which fee shall cover the expenditure of the Government in the construction of Manila North and Manila South Expressways including the extension of the Manila South Expressway to Calamba, Laguna; (b) Construct at its own expense, expansions of the expressways herein specified and/or extension thereat from Angeles City to Carmen, Rosales, Pangasinan of the North Luzon Expressway and from Calamba, Laguna to Lucena, Quezon of the South Luzon Expressway; (c) Reimburse the Government for payments made for external debts in connection with the construction and improvements of the extensions of Manila North Expressway from Burol, Balagtas, Bulacan up to Angeles City; (d) Discharge and forever release all the certificates of indebtedness evidencing the outstanding obligations of the Government to the GRANTEE in connection with the construction and subsequent rehabilitation of the Manila North and South Expressways; and (e) Turn over the toll facilities and all equipment directly related thereto to the government upon expiration of the franchise period without cost. Should the GRANTEE fail to comply with any of the foregoing obligations within a reasonable time after notice of such failure has been given, the Government shall have the right to cancel the franchise upon which the GRANTEE shall turn over the toll facilities as provided in Section 4 hereof.