(1) If a concession agreement is terminated,
(a) all of the interests, rights and shares transferred or granted to the concessionaire under the concession agreement or this Act vest in the government or, in relation to a concession agreement granted by the corporation under section 2 (1.1), all of the interests, rights and shares transferred or granted to the concessionaire vest in the corporation,
(a.1) any obligation of the government or any other contracting party to make a payment under a payment arrangement contemplated by section 3 (c.1) ceases except insofar as the obligation arose before the termination of the concession agreement, and
(b) the concessionaire ceases to have any of the interests, rights and shares transferred or granted to the concessionaire under the concession agreement or this Act.
(2) Nothing in subsection (1) (a) prevents the government or the corporation from transferring or granting to another person, under this Act or otherwise, any or all of the interests, rights and shares that vest in the government or the corporation under that subsection.
(3) Nothing in subsection (1) (a.1) limits or otherwise affects any law or enactment by or under which an obligation referred to in that subsection is or may be terminated, limited or otherwise affected.