(1) Any wharf, dock or other public work constructed by the Government along, across or extending out from the foreshore within the limits of a port and the land on which the same is constructed, any land reclaimed from the sea, and any part of the foreshore situate within these limits, may be vested in the Authority by the Governor General upon such terms and conditions as he or she may determine.
(2) This section does not derogate from or interfere with the use of private rights and the payment of adequate compensation under any enactment providing for compensation.