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- The bill was passed after the Supreme Court of Sri Lanka received over a dozen petitions by political oppositions and civil society claiming that the bill has a direct impact on the country’s sovereignty.
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What is port city Colombo?
Jun 5, 2021 · The story so far: Last month, Sri Lanka passed the controversial Colombo Port City Economic Commission Bill , which governs the China-backed Colombo Port City project worth $1.4 billion,...
Spanning 269 ha, it is a sea reclamation project next to the existing Colombo Business District (CBD). The Colombo Port City Economic Commission Act, No. 11 of 2021 was approved by the Government of Sri Lanka in May 2021, with a modern legal framework and attractive regulations focused on ease of doing business.
Jan 16, 2022 · The Port City project was officially unveiled during Chinese President Xi Jinping's visit to Colombo in 2014, a year after he launched his Belt and Road Initiative - an ambitious plan to...
Jun 29, 2021 · Manu Gupta. June 29, 2021. Colombo Port City Project: China’s Growing Influence in the Indian Ocean Region. Security. The Colombo City Port is a planned city in Colombo meant to be developed on reclaimed land near the Galle Face Green, an oceanside urban park adjacent to Colombo’s financial and business district.
- Manu Gupta
Oct 19, 2023 · A cooperation framework agreement was signed in Beijing on Tuesday between the Port City Economic Commission, China Harbour Engineering Company, Browns Investments and Hunan Construction Investment Group for the phase 2 development of the Colombo Port City project for $ 1.565 billion.
Nov 27, 2021 · With these lures, China appears to have obtained informal assurances that Colombo would drop any plans to renegotiate the 99-year lease of Hambantota Port and that it would quickly pass the CPCEC Bill, to give sweeping powers to China to oversee port City project.
Colombo [Sri Lanka], November 23 (ANI): Colombo Port City Project has been approved in haste by the Sri Lankan government to serve China's strategic interest in the island nation, according...
