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Colombo Port City project News

Colombo Port City project

19 Apr 2021

Government owns 100% of land of China-backed Port City, says Sri Lanka

Sri Lanka unveiled draft legislation for a Colombo Port City Commission which allows for sweeping tax breaks, tax-free salaries and be an offshore financial centre Earlier this month US Ambassador had warned the country of unintended consequences of `nefarious actors` who may try to misuse a Colombo Port City`s easy business rules

09 Apr 2016

Indian concerns over Colombo port city project addressed: Sri Lanka

Ruling out chances of India-China clash to gain control of the Indian Ocean, Sri Lankan Prime Minister Ranil Wickremesinghe Saturday said his government has addressed New Delhi's security concerns over the newly- modified USD 1.5 billion Colombo Port City project.

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