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Colombo Port City News

14 May 2021

Sri Lankan Parliament to debate China-backed Port City Bill next week

The USD 1.4-billion Colombo Port City project is slated to be the single largest private sector development in Sri Lanka. There have been concerns about Beijing seeking to increase its footprint in the country through contentious infrastructure projects.

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

10 Apr 2016

Chinese-built finance district in Colombo port city: Lanka PM

China will build a business and finance district within the planned Colombo port city on a strip of reclaimed sea land, Sri Lankan Prime Minister Ranil Wickremesinghe said here today.

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