Section 4
SECTION 4. The reclaimed areas shall be leased by the Government Service Insurance System to the Manila International Port Terminals Inc. for a period of twenty-five (25) years, renewable for another twenty-five (25) years, at lease rentals to be determined on the basis, among others, of the total investments and commitments to be recovered by the GSIS plus a fair and reasonable profit thereon in consideration of the right, privilege, and authority granted to the Manila International Port Terminals Inc. to utilize such areas. The lease shall be mutually agreed upon by the President of the Philippines, but no case shall it impair or prejudice any privilege granted to the MIPTI under Presidential Decree No. 634.