Broad Policy Considerations.
Section 10
SEC. 10. Broad Policy Considerations. — The establishment of individual, autonomous Port Authorities and/or Industrial Zones in the different port districts shall be governed by the following broad policy considerations: Individual Port/Industrial Zone Authorities, once established, shall exercise full autonomy and flexibility in their operations similar to that of any other business enterprises; Due attention should be given to the improvement and optimal utilization of the port's surrounding areas eventually providing for the gradual and progressive expansion and economic development of the entire port district; The individual Port/Industrial Zone Authority may, in subsequent periods, depending on the success and viability of its operations, expand its scope and functions to include the management of utilities, housing, commercial enterprises, goods and services and other facilities within its territorial jurisdiction. The Authority shall assist individual Port/Industrial Zone Authorities in the attainment of their expansion goals; In such matters where the national interest so requires, the Government may, through the Philippine Port Authority, intervene in the operations of individual Port/ Industrial Zone Authorities; The ownership of corporations, firms or entities operating and administering a given port shall be controlled by citizens of the Philippines, in accordance with the citizenship provisions of existing laws on corporate ownership and partnerships; Since the establishment and operation of Port/Industrial Zone Authorities shall require a sizeable amount of capitalization, the entry of foreign investment shall be given favorable consideration; and The granting of incentives shall be opened to persons, firms or entities who may establish a Port/Industrial Zone Authority in a given port district. E. REORGANIZATIONAL CHANGES